New York -- Xcel Brands announced that it has acquired fine jewelry and watch brand Judith Ripka for approximately $22.5 million.
Xcel currently owns Isaac Mizrahi New York and has an interest in the Liz Claiborne New York brand.
"We are excited by the opportunity to work with Judith Ripka and her distinctive designs; the Judith Ripka Brand embodies our core mission of delivering products of uncompromising quality,” said Robert W. D'Loren, Xcel's chairman and CEO. “We see a tremendous potential for engaging Judith's brand followers across new product categories, leveraging our omnichannel strategy. This acquisition satisfied all of our acquisition criteria; it's strategic, synergistic, and accretive."
Judith Ripka will serve as the brand’s chief designer.