January 2020 - Randa Apparel & Accessories

Randa Accessories to sell its in-store service business to Winston Retail

Randa to sell MCG to focus on $1 Billion core business; Winston to become North American leader in visual merchandising and retail experience.

NEW YORK CITY, January 10, 2020// – –?Randa Accessories, a global leader?in apparel and accessories,?has entered into an agreement to sell the external part of?MCG: Market Connect Group, its third-party in-store service division, to Winston Retail.?The transaction is expected to close on or around January 31, […]

Randa Sells Third-party In-store Service Arm to Winston Retail

Winston will absorb nearly all of the 2,000 people that work for Randa’s Market Connect Group division.

By?Jean E. Palmieri?on?January 10, 2020

Randa Accessories, the largest men’s accessories manufacturer, has grown to the point that it can no longer effectively service other brands through its MCG: Market Connect Group subsidiary. So it made a deal to sell the third-party arm of the company to a friendly competitor: […]