Farragut Invests in Bling Boutique LLC
WASHINGTON, D.C. – Farragut Capital Partners, Inc. is pleased to announce the closing of an investment in Bling Boutique LLC (“Bling”). Farragut partnered with Motivity Capital Partners, LLC (“Motivity”), a Texas-based private equity firm with an expertise in apparel retail chains. Bling founders Nicole Hedges-Campos and Mark Campos will continue to run the Company.
Bling is an 11-store boutique retail chain based in Wichita, Kansas, that serves customers in secondary and tertiary markets. Starting with her first store in Scott City, Kansas in 2009, founder Nicole Hedges-Campos had a vision to create a reasonably-priced, customer-centric women’s boutique (apparel and accessories) chain dedicated to serving the needs of women in smaller cities and towns throughout Kansas and Nebraska. Together with her husband, Mark Campos, they have grown Bling into a highly successful 11-store chain. Nicole comments “I have spent a lot of time with the investment teams at Motivity and Farragut, and I can say with full confidence that we have selected the best partners for Bling. Their collective teams have the knowledge and experience that we will need as we move into our next phase of growth. This new collaboration is a tremendous opportunity for us all.”
Javier Aguirre, Partner at Farragut Capital Partners comments, “We’re excited to partner with such a strong team of entrepreneurs and operators to help drive Bling to the next level of growth and success. Nicole and Mark are true entrepreneurs that have built this Company from scratch and developed an exciting retail concept ideally positioned to thrive within its target markets. The Motivity Capital team brings a demonstrated track record of retail success, experience and vision that is sure to benefit the company going forward.”
“We are very impressed with the business that Nicole and Mark have built and are excited to team up with them, as well as the entire Bling Team and with Farragut Capital Partners. Bling’s customer centric boutique concept, serving secondary and tertiary markets, led by Nicole, Mark and their strong management team, has produced outstanding results, and we look forward to working with them to build on their success.” Added Jack Gunion, partner at Motivity Capital Partners.