Paul Stuart Joins Middle West Partners’ Growing Portfolio

Middle West Partners is adding to its portfolio. The private equity firm has acquired U.S. luxury men’s fashion brand Paul Stuart in an undisclosed transaction.

Together with clothing manufacturer Peerless Clothing, MWP has reached an agreement to purchase the fashion label from Japan’s Mitsui, which has controlled the brand for more than 50 years.

As part of the deal, John Hutchison, former CEO of U.S. menswear brand Bonobos, has been named the new CEO of Paul Stuart, the company said in a statement.

Middle West Partners acquired U.S. jewelry brand David Webb earlier this year

Earlier this year, Middle West Partners (MWP) acquired jewelry house David Webb, with the aim of expanding its brand portfolio.

Middle West Partners was founded in 2022 in the United States and currently has its latest two acquisitions in its brand portfolio, Paul Stuart and David Webb.

Paul Stuart, meanwhile, was created by U.S. entrepreneur Ralph Ostrove in 1938. Based in New York, the brand is known for its luxury tailoring with a classic and elegant style.