Chilewich Sold to Berkley Capital
Chilewich Sold to Berkley Capital
Transaction
Overview
Our Partner firm, The Sage Group, advised Chilewich on its sale to Berkley Capital.
Chilewich is a leading textile design brand for residential and commercial interiors recognized for having transformed and elevated the tabletop and floor mat categories. The company was founded in 2001 by Creative Director Sandy Chilewich, who was joined by CEO Joseph Sultan in 2004. Chilewich disrupted the market with its beautiful woven placemats and has since expanded its product portfolio to include floor mats, floor tiles, wall-to-wall carpeting, wall covering, and other accessories. The New York-based company has become a global provider of textile products sold in major department stores, such as Bloomingdale’s, Neiman Marcus, and Nordstrom; as well as in home and kitchen retailers, such as Crate & Barrel, Williams Sonoma, and West Elm, and at hundreds of specialty stores worldwide. In the hospitality world, Chilewich placemats adorn the tables of luxury hotels and restaurants in the US and internationally, including at The Four Seasons, Ritz Carlton, St. Regis, Le Bernardin, and Eleven Madison Park, to name a few.
Chilewich also has a strong business to the trade whereby its flooring and wall product is specified for commercial developments, including offices, apartment buildings, hotels, fitness centers, restaurants, and healthcare facilities.
Chilewich engaged the Sage Group to pursue sale opportunities in the marketplace. Chilewich chose to partner with Berkley Capital, and Sandy Chilewich and Joe Sultan will continue with the Company in advisory roles.
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