The fiscal trouble in Europe has brands looking for options and is drawing the attentions of boutique investment bank Three Ocean Partners LLC, which recently brought William F. Detwiler on board as a partner.
“A good part of our current focus in the consumer sector now is looking for advisory and investment opportunities in Europe, where strong brands are suffering in their home markets but can continue growing in the Far East, U.S. and other markets,” Detwiler said.
Detwiler cofounded Watch Hill Partners LLC in 2002. The firm was sold in 2009 to FBR Capital Markets, where Detwiler comanaged the consumer, retail and health care investment banking group.
Just as Europe presents fresh opportunities, the back and forth in Washington has many in the U.S. hitting the pause button.
“Consumers and corporations are waiting on guidance from D.C.,” Detwiler said, citing the November elections and the so-called fiscal cliff. “Demand may be somewhat stifled now and corporations may still sit on their large cash reserves.”
On the plus side, Detwiler said the stock market is still strong and has helped boost the luxury market.
“At the end of the day, it is all about consumer confidence,” he said.