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Burkle links with Stephen Webster

June 08, 2007

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Last Wednesday, Ron Burkle—billionaire supermarket tycoon and owner of London jeweler Garrard—signed a deal with Stephen Webster. The investment and expertise of Yucaipa Cos., Burkle's consolidated enterprises, will support worldwide retail stores and expanded product lines for Webster.

Immediate plans for stores in New York, Kiev and Kazakhstan are supposedly in the works. The London designer currently has franchise and wholesale accounts in the United States, including a successful wholesale business with Neiman Marcus. In 2005, Stephen Webster reported sales of $8 million, which doubled to $16 million in 2006.
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