The Saban Brands division of Saban Capital Group has acquired a majority stake in Mambo, the 30-year-old Australian surf-inspired fashion brand. Angus Kingsmill will remain managing director of Mambo, with the task of pushing its international growth. Saban has taken over control of Mambo from Equity & Capital Finance of Australia, which had bought it from Gazal Corp. in 2008. A few months prior to the takeover, the former Blacks Leisure Group had acquired the European rights to the Mambo brand, after licensing it since August 2006, but relinquished the business shortly afterwards.

Topics