NEW YORK — MMG Advisors, formerly known as Marketing Management Group, celebrated its 25th anniversary last week at the New York Yacht Club here, a fitting location for cofounder and senior managing director Allan Ellinger, an avid boater.
Ellinger, along with his partners Andy Postal and Howard Feller, welcomed some 275 industry executives to the celebration, among them: Abbey Doneger, Haim Dabah, Les Berglass, Paul Rosengard, Ken Sitomer and Jason Rabin.
MMG’s business focuses on turnaround and restructuring work, as well as mergers and acquisitions.
“When I founded the firm 25 years ago, we had hoped it would be unique and sustainable. This is a milestone we’re very proud of,” said Ellinger, adding he was proud of the work MMG has done and the wealth he created for many families.
Postal said MMG has done more than $3 billion in deals over the past 10 years in such fields as apparel, textiles and jewelry, and throughout North America, Asia, Europe and South and Central America.
Feller spoke about how the business has changed since they began. Companies such as Liz Claiborne, Jones Group and Kellwood were buying a company a month then. Today, he said, it’s all about omnichannel and private equity looking for the next Michael Kors.
During the cocktail party, MMG showed a video with industry executives praising its work, among them Rick Darling, Jimmy Rosenfeld, Mark Fishman, Eliot Peyser, Ron Ventricelli, Haresh Tharani, Howard Kahn and Artie Rabin.