- ECGI Holdings is a diversified holding company with a distinctive portfolio that includes viticulture and luxury fashion
- The company recently 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 company also announced plans to launch a new line of ready-to-wear equestrian apparel under Pacific Saddlery’s celebrated Allon brand
- ECGI is eyeing continued growth, driven by the introduction of the new Allon apparel line as well as more mainstream products, building on Pacific Saddlery’s equestrian roots
- Hermès, one of the most recognizable luxury brands today, expanded from its equestrian roots to produce mainstream luxury products, a trajectory in ECGI’s longer term strategy
A simple search of the world’s most popular luxury brands presents a list of easily recognizable names and their accompanying logos. One conspicuous logo that perhaps stands out from the rest is that of Hermès; it depicts a man standing in front of a horse and its carriage, with the company’s name emblazoned thereunder. This striking logo, which has over the years become one of the most recognizable luxury logos in the world, signifies Hermès’ rich equestrian history and heritage, which was just a beginning.
Founded in 1837 in Paris, France, the company initially created harnesses before growing its portfolio of products in 1880 to include saddles. Fast forward to today, the company creates a whole panoply of products across various métiers, from perfume, beauty products, watches, ready-to-wear apparel, and accessories to leather goods, saddlery, silk and textile products, jewelry, and homeware. It’s a good example of the potential to grow from limited equestrian market roots, to comprehensive equestrian and finally comprehensive luxury markets. ECGI Holdings is now beginning on this same proven path, but at an expedited pace.
Analyses by Global Market Insights show that the global equestrian market, which is segmented into the equestrian equipment and tack market (https://nnw.fm/J4zdQ) and the equestrian apparel market (https://nnw.fm/Vykp3), is expected to grow from $17.5 billion in 2023 to $26.7 billion by 2032. This growth – coupled with the market’s lucrativeness, as evidenced by the fact that there are no publicly traded equestrian companies because they are simply so profitable that they can remain private – has drawn ECGI Holdings (OTC: ECGI), a diversified holding company with a distinctive portfolio that includes viticulture and luxury fashion.
Last month, ECGI 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 company noted that this acquisition strategically aligned with its objectives of expanding its presence in the luxury brands sector as well as its commitment to building high-quality luxury brands (https://nnw.fm/EYyUj).
ECGI then announced plans to launch a new line of ready-to-wear equestrian apparel under Pacific Saddlery’s celebrated Allon brand. This collection is expected to cater to the burgeoning demand for quality equestrian apparel. The new line will be available online on Pacific Saddlery’s website and at Pacific Saddlery’s mobile retail trailer. In addition, the company will offer this new line for wholesale to expand its market reach (https://nnw.fm/x3TvJ).
With the launch of the Allon apparel brand ongoing, ECGI has its sights set on future growth, following a path that Hermès created many years prior. The company hopes to build on Pacific Saddlery’s equestrian foundation to progressively roll out more mainstream luxury products. This move is expected to expand the company’s market and product portfolio, putting ECGI on a trajectory of even faster and more consistent growth.
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://nnw.fm/ECGI
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