NEW YORK, March 23, 2021 /PRNewswire/ — E. Gluck Company, a chief in the international observe field for more than 65 yrs, introduced currently it has formed a strategic partnership with WITHit, a Las Vegas-centered wearable technology extras designer and producer.
“In WITHit, E. Gluck Corporation has observed a more youthful version of alone. A business pushed and guided by its main values and a relentless devotion to consumer satisfaction,” reported Bobbie Weichselbaum, CEO of E. Gluck Corporation. “We are excited on a corporate amount to be signing up for forces and even additional so, to acquiring these outstanding people joining our EGC household.”
“On the area, this offer is only about two corporations forging a bond to make a great business enterprise alongside one another,” mentioned Adam Gelnick, CFO E. Gluck Corporation. “In actuality, it is a group of incredible people today with complementary experience, signing up for jointly to produce a sum that is better than its personal pieces. This is an excellent that both equally teams aspire to and jointly we will hopefully obtain.”
Established in 2004, WITHit has amassed a loyal subsequent of consumers captivated to the brand’s design and style, comfort and ease, efficiency and sturdiness — specifically when it comes to wearable technological know-how gadget bands and safety. WITHit has turn out to be one particular of the biggest wearable tech accent companies in the U.S. WITHit is also a foremost supplier of studying extras, with a entire line of examining lights and magnifiers. Its merchandise are marketed in in excess of 8,500 U.S. retail stores.
With over 500 million wearable equipment in use globally, the acquisition delivers international and domestic growth options for both equally E. Gluck and WITHit and will permit E. Gluck to grow its addressable industry, supplying equally common timepieces and modern wearable tech add-ons.
Anticipating remarkable future expansion in the world smartwatch industry, E. Gluck’s acquisition positions the WITHit brand name for growth by furnishing access to untapped distribution channels, worldwide enlargement alternatives, as very well as operational synergies, scale and marketing and advertising.
“We are extremely enthusiastic to have this option to carry on our growth trajectory with E. Gluck,” claimed David Nelson, CEO of WITHit. “Not only are our firms complementary from a pure business enterprise standpoint, but E. Gluck and WITHit share main values and lifestyle that make this combination distinctive.”
“We could not have imagined a improved strategic companion than E. Gluck,” claimed Phil Grandinetti, CCO of WITHit. “Collectively, we are in an even more powerful situation to provide our clients all-around the globe with progressive items.”
WITHit’s COO Bill Devaney echoed these sentiments: “Bobbie, Adam Gelnick and the complete staff at E. Gluck have been wonderful throughout this course of action and we are thrilled to turn out to be component of the family.”
East Wind Advisors (www.eastwindadvisors.com) and Vinson & Elkins recommended E. Gluck Company on the transaction. Consensus (www.consensusadvisors.com) and Strategic Law Partners recommended WITHit on the transaction.
ABOUT E. GLUCK Company:
Launched in excess of 65 a long time in the past, E. Gluck Corporation is a key drive in the enjoy field — producing, bringing to industry and delivery timepieces throughout the world. Makes consist of Armitron, Anne Klein, Torgoen, Badgley Mischka, Juicy Couture, 9 West and Vince Camuto. E.Gluck’s style and design and generation acumen, international distribution capabilities and strategic retail practical experience permit for ultimate performance in a fluid marketplace. Please check out our web page at egluck.com.
WITHit designs, manufactures and curates components that make wearable tech and looking through experiences much better. WITHit specializes in swift growth of resourceful product models making use of a extensive wide range of techniques and resources allowing for it to preserve speed with promptly evolving technological breakthroughs and consumer trends. WITHit presently holds extra than 30 patents and will make solutions under license for Star Wars, Disney, French Bull, Dabney Lee and Peanuts. Remember to stop by our internet site at withitgear.com.
Media speak to:
Resource E. Gluck Corporation