Former Bloomingdales Chair Forms Investment Firm
New York City, Former Bloomingdales chairman and CEO Marvin Traub has formed TSM Capital, an investment company that will invest in luxury brands and retailers within the apparel, accessories, cosmetics, jewelry and home sectors.
The company will focus on investments that are in their early-growth stages and have revenues ranging from $5 million to $50 million per year. TSM recently completed its first transaction, which involved an investment in the U.K.-based luxury fashion house, Matthew Williamson Holdings Ltd.
Marvin Traub has served as president of his marketing and consulting firm, Marvin Traub Associates, since 1994. Prior to starting his own consulting firm, Traub was the president, chairman and CEO of Bloomingdales for over 20 years.