Budd & Co.

Budd & Co. is a retailer of leather goods and men’s haberdashery. It has a retail location in Georgetown (Washington DC) and a wholesale/ internet fulfillment facility in Rockville, Maryland. It has recently been acquired by a small UK based luxury goods company called Authentic / Bespoke (“AB”), which was formed and financed to build a portfolio of craft heritage brands. This UK company currently owns Budd Shirt Makers, which is a manufacturer and retailer of bespoke and RTW shirts and men’s haberdashery, and J M Tusting, a leather goods company with a 158 year history. Budd has sold goods from a store in Piccadilly Arcade since 1910 and more recently online via (www.buddshirts.co.uk). Tusting also has its own web site and several wholesale accounts in the US. The acquisition of Sterling & Burke represents an important initial step for AB and its portfolio of brands as it seeks to better serve US customers. The Georgetown store will be a unique multi-brand flagship store selling quintessentially British goods in a club like retail environment.