Marquee Brands and Randa Apparel & Accessories partner to acquire totes Isotoner Corporation
Jun 04, 2024•about 1 year ago
Acquiring Company
Marquee Brands
Acquired Company
totes Isotoner Corporation
TorontoRetailFashionE CommerceDescription
Marquee Brands and Randa Apparel & Accessories announce the acquisition of totes Isotoner Corporation, with the purpose of propelling the totes® and Isotoner® brands to greater heights. This strategic partnership aligns with Randa Apparel & Accessories’ commitment to market leadership by diversifying its product offerings and distribution channels. Stifel acted as the exclusive financial advisor to totes in the transaction.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed