A fixture in the gift and collectibles space has a new owner.
Private equity fund Balmoral Funds revealed that Enesco has been sold to Ad Populum.
Based in Itasca, Illinois, Enesco is a leading designer and wholesaler of gifts, home accents, and collectibles. Since its founding in 1958, the company has sold a variety of owned, artist, and licensed brands, such as Department 56, Our Name Is Mud, Izzy & Oliver, Disney, Lolita, DC, and Jim Shore.
“This sale further strengthens the future for Enesco, our artist partners, our thousands of independent retailers, and our valued end consumers,” says outgoing Enesco CEO Todd Mavis. “The winning combination of Enesco’s world class brands coupled with Ad Populum’s brands, intellectual property, and growth assets lay the foundation for another 50+ years where Enesco remains the Company for ‘bringing joy every day.’”
Enesco’s customers are found in more than 50 countries, and include large department store chains, mass retailers, specialty shops, and more. The company has a dedicated presence in North America, the UK, France, and Asia, and has channel partners in Australia and New Zealand.
