DEAL NEAR: Eton, the luxury Swedish shirtmaker, is close to bringing in a financial partner. The company, which was founded in 1928 by Annie and David Pettersson and is still a family-owned business, is finalizing a deal that will bring an investor on board to help finance its growth plans.
A company spokesman confirmed the report, saying the firm would be ready to reveal details about the structure of the deal and plans for the extra investment by the end of the month. “It’s a pretty straightforward financial deal,” he said.
This story first appeared in the May 18, 2012 issue of WWD. Subscribe Today.
Eton operates stores on Madison Avenue in New York and in Montreal, as well as shops at several specialty stores in North America. It also has stores in Sweden, Russia, Switzerland and London.