Plans for Flagship Stores in the UAE and London Set to Elevate Brand’s Global Presence
Timeless Group of Companies, formerly known as Times Square Group, has announced a significant milestone in its luxury retail strategy by acquiring Kat Maconie, the London-based footwear brand, through its investment arm, Luxutte Capital. This strategic move not only enhances Timeless Group’s portfolio but also highlights its commitment to nurturing exceptional brands that set new fashion standards.
Ritesh Punjabi, CEO of Timeless Group of Companies, expressed his excitement about the acquisition, stating, “We are thrilled to welcome Kat Maconie into the Timeless Group of Companies family. This acquisition not only expands our portfolio but also aligns perfectly with our commitment to nurturing exceptional brands that redefine fashion standards.” He further elaborated on the synergy between Timeless’ expertise in luxury retail and Kat Maconie’s unique position in the luxury footwear landscape, noting the brand’s playful yet sophisticated designs.
Kat Maconie’s founder echoed this sentiment, expressing enthusiasm for the partnership. “I am excited that Kat Maconie has found a wonderful home with Luxutte Capital. Their reputation and understanding of the luxury market align perfectly with our brand’s ambitions for growth. This acquisition will allow the brand to reach new heights while staying true to the essence of what makes Kat Maconie special.”
The acquisition of Kat Maconie represents a pivotal moment in Timeless Group’s journey towards innovation and expansion. The company has ambitious plans, including the establishment of flagship stores in the UAE and London within the next two years. Additionally, the group aims to broaden Kat Maconie’s product offerings by expanding the collection to include bags and accessories, all while maintaining the brand’s signature aesthetic.
As Timeless Group continues to build its luxury portfolio, this acquisition stands as a testament to its strategic vision and commitment to excellence in the fashion industry. With Kat Maconie’s unique designs and Timeless’ retail expertise, the partnership is poised to redefine luxury footwear and elevate the brand’s global presence.
