May 13, 2021

Tharanco Buys Majority Stake in Nick Graham Brand

Nick Graham has a new partner.
Tharanco Group Inc. has acquired the majority stake formerly held by Iconix Brand Group in NGX LLC, the company that owns the Nick Graham trademarks, WWD has learned. Tharanco will also partner with Graham’s sales and marketing company, NGL, to distribute the brand’s collection of men’s dress shirts and furnishings.
“This deal will bring significant resources to allow the brand to grow even faster. The team at Tharanco is committed to make this brand reach the scale I know we can get to…” Graham said.
It also brings together two of the best-known names in the men’s wear industry: Graham and Tharanco chief executive officer Michael Setola, a veteran of Salant Corp. and Oxford Industries who joined Tharanco nine years ago.
“Nick is a rare talent in the industry,” said Setola. “What he has and his team have created in three years is nothing short of remarkable. I know we can take this even further, and we look forward to helping him build the global brand that he envisions.”
He said the designer has “a unique perspective on the consumer and the brand is well-positioned from a value perspective, it’s not too top-end or low-end.”
Since starting his brand three

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