Bookmark and Share

$ECGI ECGI Holdings Inc. (ECGI) and Pacific Saddlery to Launch New Line of Ready-to-Wear Equestrian Apparel Targeting Burgeoning Market

  • ECGI Holdings and Pacific Saddlery are gearing up to launch a new line of ready-to-wear equestrian apparel under Pacific Saddlery’s celebrated Allon brand
  • This launch follows the June 13 announcement that ECGI had signed a binding Letter of Intent (“LOI”) to acquire all outstanding shares of Pacific Saddlery
  • The launch is aimed at catering to the growing demand for high-quality equestrian apparel and tapping into the expected growth in the overall global equestrian market
  • Pacific Saddlery is expected to showcase Pacific Saddlery’s Allon collection at the American Equestrian Trade Association (“AETA”) International trade show in August

Earlier in June, ECGI Holdings (OTC: ECGI), a diversified holding company with a unique portfolio of viticulture, hospitality, and luxury fashion, signed a binding Letter of Intent (“LOI”) to acquire all outstanding shares of Pacific Saddlery Inc., a renowned manufacturer and retailer of luxury equestrian tack, apparel, and accessories. The partnership is expected to elevate Pacific Saddlery’s brand and expand its presence in the luxury equestrian marketplace (https://ibn.fm/3q0rq).

“Our shared vision and combined resources will create unique and memorable products for our customers,” Nick Collins, the president of Pacific Saddlery and a well-known professional in the equestrian luxury market, said of the partnership. This shared vision and the combined resources are already proving impactful.

For instance, ECGI recently announced it is gearing up for the launch of a new line of ready-to-wear equestrian apparel under Pacific Saddlery’s celebrated Allon brand. According to the company, the upcoming collection will be available both online on Pacific Saddlery’s website and its mobile retail trailer, which will be featured at various equestrian events. In addition, Pacific Saddlery will offer the new line for wholesale in a move expected to significantly expand its market reach (https://ibn.fm/WhcQ3).

With several tack stores having also expressed interest in the new collection, potential buyers have a wide array of avenues from which to purchase the new line of apparel. The company notes that this early interest underscores anticipation surrounding the launch as well as the potential for widespread market acceptance.

“We are excited to bring the Allon brand’s new equestrian apparel line to the market. This launch aligns with our strategy to expand our presence in the luxury equestrian sector and provides a platform to showcase our innovative designs and commitment to quality,” commented Jamie Steigerwald, CEO of ECGI Holdings.

The launch of the new collection of ready-to-wear equestrian apparel aims to cater to the growing demand for high-quality equestrian apparel and take advantage of the expected growth in the vast global equestrian market generally. Analysts at Global Market Insights project the market to grow to $9.7 billion in 2032 from $6.5 billion in 2023. This represents a 4% CAGR from 2024 to 2032, with equestrian events such as horse racing expected to drive this growth (https://ibn.fm/HnCYF). The launch is equally timely; it comes at a time when the world is preparing for the 2024 Summer Olympic Games in France, set to feature equestrian events.

Following the launch, Pacific Saddlery intends to showcase the Allon collection at booth 103615 at the American Equestrian Trade Association (“AETA”) International trade show. Renowned as the premier English lifestyle event, the trade show is scheduled for August at the Dallas Market Center. It will feature industry products from leading manufacturers to retailers from around the world.

“We are thrilled by the interest our new line has already generated among retailers. Our goal is to elevate the standard of equestrian apparel with this collection, combining functionality with luxury. The AETA trade show will be a fantastic platform to introduce these exceptional products to a wide audience,” said Nick Collins, president of Pacific Saddlery.

ECGI believes the AETA trade show presents a unique opportunity for Pacific Saddlery to reach more industry professionals and retailers, facilitating new business partnerships. It will also enable Pacific Saddlery to showcase the craftsmanship and style of the Allon brand’s new offerings. “This initiative is expected to generate significant interest and drive growth in both retail and wholesale channels,” the company said in the press release.

For more information, visit the company’s website at www.ECGIHoldings.com.

NOTE TO INVESTORS: The latest news and updates relating to ECGI are available in the company’s newsroom at https://ibn.fm/ECGI

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer

InvestorWire
Los Angeles, CA
www.InvestorWire.com
310.299.1717 Office
Editor@InvestorWire.com

InvestorWire is powered by IBN

Monday, July 8th, 2024 News