American menswear brand Rowing Blazers has announced the sale of a majority stake in its business to investment firm Burch Creative Capital. The exact financial details of the transaction have not been disclosed. This strategic move is aimed at facilitating the brand's growth and expansion initiatives.
Rowing Blazers intends to utilize the investment to bolster its team by hiring key personnel, enhance its womenswear line, broaden its distribution channels, and increase its retail presence. The brand is set to inaugurate a new flagship store in Manhattan, New York, potentially as early as autumn 2024.
