Thrasio-Type Mensa Manufacturers Acquires Leather-based Model Estalon

Estalon is a unique, original, family-owned leather brand developed in partnership with Mosay International

With Mensa, the startup wants to grow fivefold by 2025

Including Estalon, Mensa Brands has already acquired 15 D2C brands within eight months of its launch and plans to increase that number to 50 by 2024

E-Commerce Rollup Unicorn Mensa Brands has taken over the Calcutta-based leather goods manufacturer and seller Estalon. With Mensa, the startup wants to grow fivefold by 2025.

Estalon, a unique brand, was created in collaboration with Mosay International. The company is largely family-owned and specializes in the manufacture of various leather products such as women’s handbags, shoulder and shopping bags, rucksacks, men’s folders, organizers, purses, key cases, etc. The portfolio also includes small accessories such as rigger gloves, welding gloves, etc.

After the takeover, Estalon plans to introduce high-demand leather categories. It also aims to leverage Mensa’s data-driven insights, digital marketing, and expertise in improving operational efficiency for turbocharger growth.

Mohammed Mobashir, founder of Estalon, said in a statement that the expertise and enthusiasm of the Mensa team will help expand the brand’s presence and achieve its growth targets. “We’re focused on serving existing customers better and reaching new customers by introducing new products, launching on new channels, and refining the customer experience,” he added.

According to Mordor Intelligence, the leather industry in India was valued at $ 13 billion in 2019 and is expected to grow to $ 25 billion over the next 10 years.

Mensa Brands will be in November 2021. founded in the Thrasio style became the fastest Indian startup to become a unicorn after raising $ 135 million in a Series B round led by Alpha Wave Ventures at a valuation of $ 1 billion. The startup acquires, consolidates and scales e-commerce brands across a wide range.

Mensa Brands, based in Bengaluru, has already acquired 15 D2C brands within eight months of its launch. By 2024, it will keep an eye on a portfolio of 50+ companies in the fashion, home, garden, personal care and beauty sectors.

The startup claims to be investing in new age consumer brands that are profitable and have sales between $ 1 million and $ 10 million. Founder Ananth Narayanan previously told Inc42 that Mensa is buying a majority stake (50-60%) within the brand for 5-7 times the company’s EBITDA.

The cafeteria team brings in internal expertise in the areas of marketplace-native technology, data mining and digital marketing, category management and operation, brand building and global expansion. This is how it pushes the brands into the e-commerce segment with an omnichannel strategy, financial support, geographic expansion and process optimization.

Cafeteria brands current portfolio includes Pune-based women’s clothing brand Karagiri, Delhi NCR-based jewelry brand Priyaasi, men’s leisure brand Hubberholme, Mumbai-based men’s leisure brand Dennis Lingo, ethnic women’s clothing brand Ishin and smart FMCD startup Helea, Jaipur-based ethnic clothing brand Anubhutee, Villain who have favourited Ahmedabad-based personal care brand for men. Recent additions include Delhi NCR’s Digital First program Children’s fashion brand LilPicks and Denim brand High Star from Chennai.

However, Mensa Brands is not the first such user of the Thrasio model in India – some well-known names include Supam Maheshwari’s FirstCrys GlobalBees, Rishi Vasudevs GOAT Brand Labs, Utsav Agarwal & Pulkir Chhabras Evenflow, Bhavana Suresh’s 10backed Upscalio, and FJ Labs-supported Powerhouse91 . In fact, is based in the US Thrasio, the brand the roll-up startups are styled after, entered the Indian market with its first local acquisition of Delhi NCR-based home appliance startup Lifelong Online.

Fanatics acquires Topps buying and selling playing cards for $500 million

Topps’ 2016 season baseball cards will be displayed during an event in New York City.

Kris Connor | Getty Images

Michael Rubin’s e-commerce company Fanatics has acquired Topps trading cards, sources close to the deal confirmed to CNBC Monday evening.

The terms of the deal weren’t available, but industry circles put the deal at around $ 500 million. It will only include Topps’ name and sports and entertainment division, not the company’s candy and gift card line, a source said.

Fanatics and Topps declined to comment, but an announcement is expected on Tuesday.

The deal comes after Fanatics acquired Major League Baseball trading card rights last august. The MLB extended its contract with Topps in 2018 and the existing contract ends in 2025. But with this agreement Fanatics immediately receives the trading card rights from MLB.

Fanatics will also receive rights to Major League Soccer, UEFA, Bundesliga and Formula 1. These leagues also have active agreements with Topps.

And last year Fanatics secured trading card licenses for the National Football League Players Association and the National Basketball Association. In order to maintain these agreements, Fanatics provided equity capital to the leagues and player unions that is guaranteed to generate at least $ 1 billion in revenue over the duration of the partnerships.

Straight to the consumer model

Fanatics who reached one Valuation of $ 18 billion in 2021, wants to further expand the trading card business via direct-to-consumer commerce. For example, when collectors buy a trading card, they can insure, value, store, and even list the asset on a marketplace for sale or trade through Fanatics.

The company plans to capitalize on a sports trading card business that is expected to reach $ 98.7 billion by 2027, according to Verified Market Research.

The Topps acquisition is also in line with Fanatics’ plans to expand its NFT collectibles sector through its Candy Digital company, which owns the exclusive rights to produce MLB digital artwork.

Last year, Topps was valued at $ 1.3 billion as part of a SPAC merger Mudrick Capital Acquisition Corp. II, which fell apart after Topps lost his MLB rights.

Topps was a publicly traded company before it was privatized in 2007 after a $ 385 million deal. Founded in 1938, the company was best known for selling trading cards, including the 1952 Mickey Mantle card, one of which sold for $ 5.2 million in January 2021.

All3Media Acquires Nordic Leisure Group’s NENT Studios UK – Deadline

Super producer owned by Discovery and Liberty Global All3Media has the acquisition of the Nordic Entertainment Group NENT Studios UK.

NENT Studios UK, who is behind the Connie Nielsen and Christopher Eccleston drama from Viaplay / Channel 4 Close To Me up for sale last November, just over a year after the production and sales business was established.

NENT Studios UK was formerly known as DRG and has a catalog of over 10,000 hours of content. It takes care of selling shows like Doc Martin, Catchphrase, and Don’t Tell the Bride. The company is led by Richard Halliwell and integrated into All3Media International.

Jane Turton, CEO of All3Media, said, “There has never been so much demand for high quality IP and we all look forward to working closely with the producers of these shows.” Louise Pedersen, CEO of All3Media International added: ” With over 10,000 hours of content and some fantastic internationally known programs, this catalog will be an excellent and complementary addition to our library. “

In addition to Close To Me, NENT Studios UK announced last year that another series is fully funded and is about to launch. It added that it had 15 projects in paid development and an internal list of 40 other shows.

Nordic Entertainment Group, along with a number of other production companies, are selling NENT Studios UK as they focus on growing their Viaplay streamer.

Cleopatra Leisure Acquires N.A. Rights To ‘Vurdalak Blood’

Cleopatra Entertainment Acquires North American Rights to ‘Vurdalak Blood’ (EXCLUSIVE)

Cleopatra conversation has acquired the North American and English-speaking territorial rights to the horror film.Vurdalak blood“Which will be released on VOD platforms in October.

Based on Aleksey Tolstoy’s short story “The Family Of The Vourdalak” from 1839, the film takes place in the uncertain hours after a vampire hunt, in which it is unclear whether the hunter himself was turned into a creature of the night. Will his family find out in time or will their mood make them easy prey for the novice nightwalker?

Following its recent international film festival, the project was spotted on the BiFAN NAFF co-production market where it was a work in progress selection.

The film, directed by Argentine genre filmmaker Santiago Fernandez Calvete, is a co-production by Aramos Cine and 108 Media. There are German Palacios, Tomas Carullo Lizzio, Naiara Awada, Lautaro Bettoni and Alfonsina Carrocio.

The rights agreement was brokered by Cleopatra Founder and CEO Brian Perera, Tim Yasui VP / GM of Cleopatra Entertainment and Jordan Nutson of 108 Media Corp on behalf of the filmmakers.

The International Olympic Committee will be on site as the exclusive hospitality provider until 2028

The International Olympic Committee (IOC) has designated On Location as the exclusive global hospitality provider for all Olympic and Paralympic Summer and Winter Games through 2028.

On Location offers fans and Olympic stakeholders hospitality packages that include tickets, travel, accommodation and unique hospitality on site and in the host city. Families and friends of athletes who take part in the Games will also be supported by the hospitality provider with expanded support for travel, a special ticket inventory and access to accommodation.

The reform is part of the vision of the Olympic Agenda 2020 + 5, which aims to simplify processes and increase efficiency and sources of income. Previously, the IOC worked with various authorized ticket resellers (ATRs) from multiple territories or countries to provide tickets and other accommodation to customers. On Location will work with the Organizing Committee of the Olympic and Paralympic Games Paris 2024, Milano Cortina 2026 and LA28.

“One of the recommendations of the Olympic Agenda 2020 + 5 is to provide additional turnkey solutions that could be made available to the OCOGs to simplify the complexity of running the Games,” said IOC President Thomas Bach. “This new solution will offer fans around the world a simplified and safer process for participating in the Games. The centralization of the project also contributes significantly to better supervision and thus to good governance. It will also directly support the organization of the Olympic and Paralympic Games, all National Olympic Committees and, above all, their athletes. “

“At On Location, we strive to provide our customers with exceptional live event experiences that create unforgettable memories,” said Paul Caine, President of On Location. “We are honored to join the International Olympic Committee in reshaping hospitality at future Olympic and Paralympic Games, and we are committed to delivering exclusive hospitality experiences to stakeholders, partners and fans around the world that each host city has in a unique way to celebrate.”

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Dale Ventures acquires majority stake in X-Golf Leisure | Information

Dubai, United Arab Emirates, May 25, 2021 / PRNewswire-PRWeb / – Global investment firm Dale Ventures has acquired a majority stake in Dubai-based X-Golf entertainment and will assist the pioneering company in launching its flagship urban golf club venue later this year.

X-Golf’s technology was developed in South Korea in 2005 and has since changed the world of virtual sports. With more than 15 years of research and development, participants can use the company’s golf simulators to play 18 holes on the world’s best courses with an accuracy of 98 percent in ball flight simulation. This market-leading accuracy is also combined with swing analysis software that allows the simulators to be used as precision training tools and for private golf lessons.

Thousands of simulators have been sold worldwide in the past decade. In the United States, X-Golf America celebrates the opening of its 29th franchise company, offering sports, drinks and entertainment for amateurs and professionals alike. The company is slated to open a further 21 venues by the end of 2021.

Following this, X-Golf Entertainment has an ambitious vision for growth around the world middle Eastwith the plan to launch the region’s first major urban golf club and sports bar, as well as a fleet of luxury residential and commercial projects in the hospitality and tourism industries. Dale Ventures’ investment will enable the company to realize its vision and capitalize on the increasing popularity of the sport in the EU middle East.

“X-Golf made it possible to play the sport from anywhere and in any weather at any time.” Dale W. Wood said. “I’m an avid golfer myself, I know the game’s draw all too well and I believe that X-Golf’s stunning simulators and exciting environments will help change what it means to play in your free time.”

In 2020, 33% of US golfers participated exclusively in off-course golf activities at locations like X-Golf and TopGolf. This growth significantly outpaced the growth in attendance on the pitch. This statistic increases significantly when it comes to the younger generation, 46% of whom have participated in the game outside of the course. The steadily growing demographic and global reach of the sport has put X-Golf Entertainment at the forefront of an industry with growth potential. Factors such as an unprecedented development boom in the middle EastAn emphasis on recreational activities and the stifling heat of the area have put X-Golf on the road to success as its growth continues.

“X-Golf is playing an important role in modernizing the sport and entertaining a new generation of players and” competitive “socializers.

The support of Dale Ventures through our new partnership will enable us to take full advantage of the opportunities that present themselves. It’s an exciting time ” Madeleine Curran, Joint Managing Director, X-Golf Entertainment

About Dale Ventures

Dale Ventures is a personal investment holding group founded by the serial investor Dale W. Wood. The company works with management teams to provide the essential strategic and analytical resources needed to build and grow remarkable businesses. Dale Ventures took a consultative approach that leverages the power of innovative teams to generate breakthrough ideas, tactics and strategies that drive growth and create long-term value.

More information about Dale Wood and his projects please visit https://www.Dale.com and Dale Ventures Facebook page.

Media contact

Naveen Joshi, Dale Ventures, 1 3302491179, info@dale.com

SOURCE Dale Ventures

Greenwich Leisure Acquires ‘Not Going Quietly’ Documentary – Deadline

EXCLUSIVE:: Greenwich Entertainment has acquired North American distribution rights to Nicholas Bruckman‘s Don’t go quietly, with plans to release the film in theaters on August 13th.

The documentary, which won the audience award and jury recognition for Humanity in Social Action at SXSW, offers an intimate and inspiring glimpse into the life of a political activist Ady Barkan.

“If you didn’t already know that Ady Barkan is an incredible ass who has overcome all sorts of obstacles to change our democracy for the better, you’ll soon be thanking Greenwich Entertainment,” director Nicholas Bruckman said in a statement. “We are thrilled to be working with the passionate Greenwich team on the release of Not Going Quietly and to share Ady’s story nationwide in this profound and hopeful moment for our country.”

Greenwich Entertainment acquires Tribeca True Crime Doc ‘The Phantom’ for wrongful execution. Doug Liman joins as executive producer

A progressive hero and loving father, Barkan was diagnosed with ALS at the age of 32. Despite his deteriorating physical abilities, he started a nationwide campaign for health care reform through his organization “Be A Hero”, which spoke at the 2020 Democratic National Convention and which Politico calls “the most powerful activist in America”. In Bruckman’s document, we see the chance encounter with Senator Jeff Flake on the plane that catapulted Barkan to fame, as well as his interviews with American political leaders, including Joe Biden, Kamala Harris, Bernie Sanders and Elizabeth Warren during the Democratic primary.

Not Going Quietly was directed by Amanda Roddy with executive producers Bruckman (Valley of Saints) and Ryder Haske of People’s Television, Mark and Jay Duplass (Wild Wild Country, Tangerine), Bradley Whitford (Get Out, The West Wing) and Sam Bisbee ( Produced) produces Die Trüffeljäger), Jackie Kelman Bisbee (Hearts Beat Loud), Mel Eslyn (The One I Love), Wendy Kelman Neu (Farewell Amor), Nina Tassler and Joan Boorstein from PatMa Productions. Andy Bohn from Greenwich negotiated the deal with ICM Partners on behalf of the filmmakers.

Bruckman’s Doc is slated to premiere at the Tribeca Film Festival in New York in June.

Vertical Leisure Acquires ‘The Resort’ & ‘Killer Amongst Us’- Movie Briefs – Deadline

Vertical entertainment has received worldwide distribution rights for indie horror, The resort, by writer-director Taylor Chien and the executive produced by rapper Quavious “Quavo” Marshall of the Migos. With Bianca Haase (Whirlpool Time Machine 2), Brock O’Hurn (Tyler Perrys Boo! A Madea Halloween), Michael Vlamis (Roswell, New Mexico) and Michelle Randolph (5 years apart), the plot revolves around four friends, the Begib you to Hawaii to investigate reports of a haunted resort at an abandoned resort. It’s beautiful there, but they soon learn that you have to be careful about what you want. The image, which will be released in cinemas and on-demand April 30, was produced by Will Meldman, Sam Mobley, Justin Chien, Gary Goldman, Joe Homokay, James Penland and Sarai Rollins.

“Four Good Days” starring Glenn Close and Mila Kunis, acquired by Vertical for US release

“The place itself was extremely creepy and essentially acts as the fifth character in the entire film,” said the writer-director. “With that eerie attitude as a starting point, I was determined to capture this cool atmosphere in front of the camera. I am confident that we succeeded and that we have something special for horror lovers of all kinds. “

“I’m very excited to be part of this project as I’ve always been a huge fan of horror films,” commented Quavo. “It was a great honor to be on set with the cast in LA, and after seeing a screening, all I can say is that we are definitely causing some horror in this film.”

Peter Jarowey and Josh Spector negotiated the deal for Vertical with Will Meldman, founder and CEO of Double Down Pictures, on behalf of the filmmakers.

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Vertical entertainment

Vertical has also secured the rights to Murderers among us, an indie crime thriller from first-time screenwriter and director Charles Scharfman. Set for April 16, the picture follows a young police officer who works with a veteran detective to save the life of a student from a radicalized serial killer.

Starring Yasha Jackson (The Flight Attendant), Andrew Richardson (Martin Eden), Bruce MacVittie (When They See Us) and Imani Lewis (The Forty Year Old Version). The film, co-written by Daniel Lichtenberg, was produced by Dan Clifton and Bernard Hunt.

Scharfman said, “I made this film as a crime-genreed reflection of the polarized and complicated political climate we currently live in, and that is even more relevant today than it was when we made it.”

Spector negotiated the deal for Vertical with Dan Clifton of Top Right Corner on behalf of the filmmakers.

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Gravitas Ventures

Gravitas Ventures secured the North American distribution rights The man in the hat, an indie comedy starring Ciaran Hinds (Justice League), Stephen Dillane (Game of Thrones) and Maïwenn (Polisse). The film, written and directed by John-Paul Davidson and Stephen Warbeck, travels through France in a Fiat 500, accompanied by a framed photo of an unknown woman. He is followed by five angry men in a Citroen Dyane. Why are they chasing him and how can he shake them off? Gravitas will release the film in theaters and on demand on May 14th.

“The man in the hat is a hopeful caper who values ​​the joy of the mundane and extraordinary little things in life. Our adventure revels in the friendliness of strangers and the music and poetry of chance encounters,” said Davidson.

“Working on The Man in the Hat gave me the opportunity to explore all sorts of musical worlds that I hope will provide audiences with a joyful escape from all of the challenges of the past year. It is really an honor to be able to share this film with an international audience now, ”remarked Warbeck.

Brett Rogalsky, Gravitas Manager of Acquisitions, negotiated the deal with Spencer Pollard and Daniel Cooper of Kaleidoscope

MarVista Leisure Acquires ‘The Miseducation Of Bindu’ – Deadline

EXCLUSIVE: MarVista Entertainment has acquired worldwide rights to the indie coming-of-age image The Miseducation of Bindu directed by Prarthana Mohan and executive produced by Jay and Mark Duplass.

The young adults play stars Megan Suri (Atypical, The Brink), David Arquette (Scream franchise, Never Kissed), Priyanka Bose (Lion), Phillip Labes (I’ll Ship It) and Gordon Winarick (Gotham). The story follows a bullied Indian teenager who forges her mother’s signature to finish high school. When she realizes that she has to pay a test fee by the seventh hour, she has no choice but to reach out to the students she is dying to leave.

The Miseducation of Bindu was selected as a campaign winner by Jay and Mark Duplass to help find America’s next generation of indie filmmakers. The Duplass brothers have teamed up with the film-centric crowdfunding website Seed & Spark to launch this initiative to find and promote film talent across the country.

Int’l Critics Line: Todd McCarthy on ‘Language Lessons’ – Berlin

The film made its debut at the San Diego Film Festival, where Mohan received the Best Director award for the first time.

“Growing up, it was hard to come up with stories about kids like me,” said Mohan, who first received the San Diego Film Festival’s best director award. “Brown kids don’t always star in their own stories, which is why we wanted to do The Miseducation of Bindu. A story about a young girl with a migrant background who perseveres and finds her voice in the face of bullies. We’re excited to partner with MarVista Entertainment, known for nurturing feminine stories, and we can’t wait for audiences to discover and fall in love with Bindu. “

Deena Stern, Head of Marketing & Acquisitions at MarVista Entertainment, added: “At MarVista we have always prided ourselves on supporting women filmmakers with unique voices and perspectives. When I saw The Miseducation of Bindu, I knew immediately that this was a story we wanted to tell through the portrayal, but I also had a strong connection to the performances and nostalgia of the John Hughes genre films. “

The acquisition is in line with MarVista’s ongoing commitment to telling more representative stories by promoting diversity and inclusion both in front of and behind the camera.

The Miseducation of Bindu is also produced by Edward Timpe and Zachary Spicer, John Armstrong, Gordon Strain and Gloria Bradbury.

Emagine Leisure acquires historic downtown Birmingham theater

Emagine Entertainment Inc. has acquired Birmingham 8 and plans to reopen the historic theater over the next three months.

The Troy-based chain owns both theaters in downtown Birmingham and a total of 15 screens through Emagine’s purchase of the theater, which is known for both art house films and blockbusters. The company took over the currently open Palladium in 2015.

Birmingham 8 has been closed since the outbreak of the COVID-19 pandemic and will be renamed Birmingham 8, Powered by Emagine. Paul Glantz, chairman of the company, said Emagine bought the company and signed a long-term lease at 211 S. Old Woodward Avenue with owner Ted Fuller.

The terms of the contract, which Glantz described as “win-win”, were not disclosed.

“I think Ted can do what Ted does best again,” said Glantz. “Ted is a great landlord and a great developer. It enables us to operate with our leadership skills.”

The deal brings the company’s theaters to 22 in the Midwest, including 11 in Michigan. Glantz has told Crain’s that the company is on track to lose $ 40 million in revenue due to the coronavirus and government-mandated shutdowns, which he firmly opposed and struggled in one unsuccessful way legal action versus Gov Gretchen Whitmer.

Despite the tough times for cinemas, Glantz has doubledExpand chain and plan $ 10 million to bring more theater under the Emagine umbrella.

“For better or for worse, I’m an optimist,” Glantz told Crain on Tuesday. “I’m optimistic about the future of film.”

Emgine said no changes will be made to Birmingham 8 other than an expanded concession menu, craft beer and cocktails. The theater’s iconic marquee will remain, as will its reputation for making independent films that are unique in the market.

The 1920s theater was last renovated in 2015 with luxurious seating that has become the industry standard.

“The Birmingham community is comfortable knowing that we want to keep all of its charm in our possession,” Glantz said in a press release. “We understand the value this theater has in the community and are committed to continuing that legacy while enhancing the customer experience with all of the virtues our brand will bring.”