Zachary Prell Raises $15 Million
New York-based shirt maker Zachary Prell has secured $15 million in financing from TAL Group, a Hong Kong apparel manufacturer.
Zachary Prell launched his namesake brand in 2005 with a collection of sport shirts. His collection has grown to include sport coats, outerwear, knits and swim wear. Sport shirts retail for between $138 and $228. The brand is sold in Neiman Marcus, Nordstrom and Saks, as well as many independent specialty stores.
“We’re extremely proud to announce our Series A financing round with investment from TAL Group,” said Prell. “We’ve had a long-standing manufacturing partnership with TAL Group and I’m especially pleased to further strengthen our strategic relationship with this financing. TAL Group has an exceptional knowledge of, and experience in, the menswear industry and a unique long-term investment approach that will enable us to build a comprehensive lifestyle brand.”
“I’m very excited about our investment in Zachary Prell,” added TAL Group CEO Roger Lee. “We’ve closely monitored Zachary Prell through our multi-year manufacturing relationship and are impressed with the company’s vision for developing a compelling lifestyle brand.”
TAL Group also owns The Apparel Group (TAG), which has offices in New York and Dallas. TAG markets the Enro brand and Maker & Company.
