Winona Capital ups Rodd & Gunn investment as retailer targets North America

Wed, 04 Apr 2018

By Jonathan Underhill April 4 (BusinessDesk) - Winona Capital, a Chicago-based private equity firm that invests in consumer brands, has put more capital into Rodd & Gunn New Zealand, saying it is "excited" to be supporting the unprofitable clothing chain during its growth phase in North America. Winona bought an additional 16.4 million shares in Rodd & Gunn last July, lifting its holding to about 102.2 million shares, or 55 percent of the company. The firm first invested in Rodd & Gunn in October 2015, buying about 81.8 million shares for...

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