Two of the most highly respected names in luxury specialty store retailing are joining forces.
The Mitchell Family of Stores has created a joint venture with Marios of the Pacific Northwest — a partnership that will bring the Mitchells’ systems and e-commerce expertise to Mario Bisio’s stores in Portland, Ore., and Seattle while giving the Mitchells a further foothold on the West Coast.
“This is different than any other deal we’ve done,” said Bob Mitchell, co-chief executive officer of Mitchells. “Mario and his executive team will continue to run the company and he will be the main owner in the venture.”
He declined to be more specific about the details of the deal, but said this is “not a short-term situation” and the Mitchells are prepared to “invest heavily to continue to grow” the combined company.