Timeless Group of Companies, formerly known as Times Square Group, has revealed through its investment arm, Luxutte Capital, the complete acquisition of Kat Maconie, the renowned London-based footwear brand. Ritesh Punjabi, the CEO of Timeless Group of Companies, highlighted the synergies between Timeless’s proficiency in luxury retail and Kat Maconie’s distinctive standing in the luxury footwear sector. “We are delighted to integrate Kat Maconie into the Timeless Group of Companies family. This acquisition not only broadens our portfolio but also harmonizes seamlessly with our dedication to fostering exceptional brands that set new fashion benchmarks,” he stated.
“Kat Maconie has established a unique space with its playful yet refined designs, and we anticipate safeguarding and augmenting the brand’s core identity while venturing into fresh growth opportunities,” he further added. Kat Maconie, the founder, expressed her excitement about the collaboration, saying, “I am thrilled that Kat Maconie has found an ideal home with Luxutte Capital. Their standing and comprehension of the luxury market perfectly match our brand’s aspirations for expansion. This acquisition will enable the brand to achieve new milestones while preserving the essence that makes Kat Maconie unique.”
The acquisition of Kat Maconie by Timeless Group of Companies signifies a significant milestone in its path towards innovation and growth. Future strategies include establishing flagship stores in the UAE and London within the next two years, accompanied by further global expansion. As part of the acquisition, the group intends to extend the brand’s collection to include bags and accessories while maintaining Kat Maconie’s signature style.
