The Carlyle Group brags of having a head's up on changes in the economy via its ownership stake in a vast number of companies. So what does Carlyle's dropping retail, media and consumer investor team mean? A Carlyle chief noted "the increasingly challenging investment trends in this space."
Carlyle, a politically connected private equity underwriter (PEU) made huge returns on Beats, Supreme, Golden Goose and Moncler. The man behind those investments is now with Kim Kardashian's SKKY Partners.
Carlyle's website shows 37 current investments in the space. What happens to Carlyle's partnership with Patrick Doyle, former President and CEO of Domino's Pizza?
Carlyle and Mr. Doyle will source opportunities internationally across sectors, and will initially put an emphasis on the consumer and retail sectors in North America and Europe.
Carlyle no longer wants your retail dollar but the PEU clearly wants access to your retirement funds.
Update 12-12-24: FashionNetwork ran a story on Carlyle's exit from luxury retail after making bank on Golden Goose.
