Go Global Retail announced plans to acquire Janie and Jack a leader in premium children’s fashion with more than 115 retail stores in the US and an online offering of apparel, footwear, and accessories, from Gap Inc.
Since its founding in 2002, Janie and Jack has built a modern classic iconic brand that creates lasting memories for its customers. With a focus on elevated design and details, the brand offers sizes from newborn through tween.
Go Global’s investment partners in this acquisition include New York based Axar Capital Management, MidCap Financial of Bethesda, Maryland, as well as Strategic investors FB Flurry, based in Dallas, Texas and Shanghai-based Ven Bridge, Ltd.
“We are thrilled to acquire an incredible brand like Janie and Jack from the Gap. Our plan is to expand the company’s digital capabilities and accelerate online growth globally,” said Jeff Streader, Founder and Managing Partner of Go Global. Go Global’s international reach will open new markets for Janie and Jack in the UK, Europe and Asia.
Christian Feuer, Managing Director of Go Global added: “Our team of experienced retail and brand practitioners will complement the existing dynamic management team in areas of digital strategy, international business development, supply chain and global operations. Growth is our ultimate goal.”
Janie and Jack will continue to be based in San Francisco. Go Global will invest in Janie and Jack’s digital capabilities including artificial intelligence and predictive analytics. As a freestanding, independent fashion brand, Janie and Jack will focus on its core customers – fans of their modern take on children’s fashion with classic silhouettes and sophisticated sensibility.
“This is an exciting opportunity for Janie and Jack, and we are incredibly pleased that our brand will continue to build lasting connections with customers as part of the Go Global family,” said Shelly Walsh, General Manager of Janie and Jack. “We are thrilled to work with this team of experienced retail professionals who are as passionate about growing our strong, stand-alone brand as we are. I believe we’ll build a bright future together.”
Gap Inc. acquired Janie and Jack in March of 2019. The Go Global transaction is expected to close April 2, 2021.