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Friday, May 23, 2008

Milestone sells EB Brands to NY's Cortec

  Milestone Partners, the Wayne private equity group started by Scott Warren and Robert G. Levine, says it's sold EB Brands, a Yonkers, NY firm that markets "high-margin, high-impulse" products from Samsonite, Everlast, Sharper Image and other companies to retailers like Wal-Mart and TJX, to Cortec Group, New York, for an undisclosed sum.
  Milestone bought EB in 2000; sales have nearly tripled, to over $100 million, said a person familiar with the company.
  Lazard Middle Market represented EB, GE Antares Capital helped finance the deal. More at www.milestonepartners.com 
Posted by Joseph N. DiStefano @ 3:11 PM  Permalink | 1 comment
Comments   
  • 0 like this / 0 don't   •   Posted 5:29 PM, 02/26/2009
    eb brands runs a rather inefficient and corrupt business. they mistreat their employees and don't test their products properly. the executive branch takes huge perks while the bulk of the staff receive no bonuses or incentives. employees who have not been laid off are all actively looking for work elsewhere due to the mistreatment from the company. Cortec should watch out for big losses from this company that makes it a policy every 5 years to see just to fill the pockets of the top dogs while the employees make them millions of dollars. whoever is trying to get a job at eb brands should go somewhere else.
    — EBISROTTEN


1 comments
About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com
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