- ECGI Holdings recently signed a LOI to acquire Pacific Saddlery, a renowned manufacturer and retailer of luxury equestrian tack, apparel, and accessories
- According to the company, the acquisition strategically aligns with its objectives of expanding its presence in the luxury brands sector
- The acquisition is expected to generate new recurring revenue streams and enable ECGI to capture a share of the luxury equestrian market as well as the broader global equestrian market
- The larger global equestrian market, which is segmented into equestrian apparel and equestrian equipment, is expected to grow to $26.7 billion by 2032 from $17.5 billion in 2023
ECGI Holdings (OTC: ECGI), a diversified holding company with a unique portfolio in viticulture and luxury fashion, has been strategically shifting its focus as it ventures into a future defined by innovation, luxury, and a commitment to building high-ROI brands that will stand the test of time. This follows the December 2023 signing of a joint venture share purchase agreement with Nick Collins, a well-known professional in the equestrian luxury market, creating Pacific Saddlery Inc. (https://ibn.fm/h0W0t).
“In line with our ongoing evolution, this joint venture with Nick aligns with ECGI’s new direction, emphasizing a commitment to building luxury brands,” said Jamie Steigerwald, CEO of ECGI, in a…
NOTE TO INVESTORS: The latest news and updates relating to ECGI are available in the company’s newsroom at https://ibn.fm/ECGI
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