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Tuesday, Sep 26, 2023

Robbins Bros. completes financing deal with two equity firms

Robbins Bros. World’s Biggest Engagement Ring Store has completed a financing deal with two equity investment firms, Weston Presidio and Dorset Capital. The Glendale-based company did not disclose the size of the investments. The financing will be used for a national expansion that the company has been planning for some time. “We are looking to expand in several states, however, there are no specific locations at this time,” said Tracey Lyles, a Robbins Bros. spokeswoman. “We are looking at larger markets and our goal is to become a national company.” The Business Journal in August reported that the company had been seeking financing to fund a national expansion plan. Robbins Bros. currently operates seven stores in Southern California. Weston Presidio, one of its new financial partners, manages a $2.3 billion portfolio that includes investments in Fender Musical Instruments, Guitar Center Inc., JetBlue Airways Corp. and Restoration Hardware Inc. Dorset Capital, based in San Francisco, focuses its equity investments in the consumer sector with recent investments in Smart Bargains, an online retailer that specializes in brand name discounts and restaurant chain Pasta Pomodoro, among others.

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