NEW YORK — Investment banking firm Financo Inc. on Tuesday added three managing directors to its ranks.
According to Colin Welch, president and chief operating officer, the two additions and one promotion reflect the firm’s broadening of its core retail and advisory services, an internal mandate that includes a push into more cross-border transactions and the build out of its European operations.
Of the three named to the position of managing director, two are new to the firm. Vennette Ho, who joined the firm in 2004, was promoted to managing director and will continue to build the firm’s personal care and beauty practice.
Timothy Dahms and Audrey Kirdar are the two who have joined the firm as managing directors.
Dahms joined Financo Oct. 2 and was formerly at Moelis & Co. He will lead Financo’s expanded advisory practice into hard goods retailing, discount retail, sporting goods and athletic footwear and apparel.
Kirdar will join Nov. 5. While she will be responsible for the apparel specialty retail, wholesale apparel and department store categories, her expertise in mergers and acquisitions will also involve cross-border transactions and the build out of Financo’s European operations. Kirdar most recently was at Rothschild Inc.
Welch said he continues to search for bankers to add to Financo’s roster to expand into new subverticals, such as food and beverage and restaurants.
As for overseas, Welch said, “The immediate next step is to build up Europe....It is clear to us that the [development of a] deal pipeline and the likelihood of success increases once we have a firmly established physical presence on the ground.”
According to Welch, Financo has 25 active mandates that involve either a European-based buyer or seller. He is also interviewing candidates who can head up the new European base of operations in London, as well as keeping an eye on possible branch offices down the road.
As the firm focuses on adding staff and bankers — from senior officers in an advisory capacity to perhaps a high-profile, non-executive director — Welch disclosed that there are also opportunities for expansion in Asia and Latin America, moves that will give the Financo brand a “global point of view that is increasingly valued by its client base, whether private equity or corporate clients.”
The firm is hoping to have its London office up and running by the middle of next year.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)