Public Clothing Co. acquires accessories brand Mansur Gavriel; founders' future roles undecided

Public Clothing Co. has acquired the accessories brand Mansur Gavriel and its assets, WWD reported on Wednesday night / Thursday, 15 October.

The deal

• Founder and CEO Dan Shamdasani said the deal closed Tuesday and declined to disclose the purchase price. He said he is buying the brand outright from private-equity owners rather than investing as a minority partner.
• Mansur Gavriel was founded in 2013 by Rachel Mansur and Floriana Gavriel, known for minimalist bucket and tote bags; it won two CFDA awards in its first three years (2015 and 2016).
• GF Capital took a majority stake in June 2019; the founders kept a minority interest. CEO Maria Borromeo has led the brand since 2023.

What happens next

• Shamdasani said spring 2027 product is underway and that more than 65% of the business is direct-to-consumer via mansurgavriel.com. Handbags will continue to be made in Italy; footwear in Italy and Portugal.
• Asked whether Mansur and Gavriel will remain, he said talks are ongoing: “More to come.” Borromeo’s longer-term role was also not finalized, though she said she has worked closely with Public Clothing Co. through the transition.
• Public Clothing Co.’s portfolio also includes Derek Lam Collection.