NEW YORK — Accessory Network Group has acquired the rights to the Kooba brand from private equity firm Swander Pace Capital.
Kooba was bought by Swander Pace in 2007. The amount ANG paid was not disclosed. Abe Chehebar, chief executive officer of ANG, said the company was approached by Sage Group, an investment banking firm, on behalf of Kooba. “I’ve been following Kooba since they started, and I expressed a very high level of interest,” Chehebar told WWD exclusively.
ANG also owns Ghurka, a men’s leather goods company. Chehebar said, “I like Kooba because of their recognition in the marketplace. They’re a respected leather goods brand.…I feel like I’ve found a wife for Ghurka.”
