Investcorp Acquires Sur La Table
NEW YORK-Sur La Table, the specialty retailer in kitchen products, has been purchased by investment firm Investcorp for an undisclosed price.
The previous owners--the Behnke family, who purchased the first Sur La Table store in 1995; and private investment firm Freeman Spogli--will remain as investors in the company. Sur La Table now numbers 86 stores throughout the United States, and sells through its catalog, website and gift registry as well.
Jack Schwefel, Sur La Table's CEO, will remain in his post. Citing the management team led by Schwefel, Kevin Nickelberry, managing director of Investcorp, added, "We believe that Sur La Table is well positioned in its existing markets and has multiple opportunities for growth, including new store expansion and e-commerce."