Chicago Mayor Honors Randa Accessories for One Hundred Years
Friday, June 11, 2010
On April 26, 2010 Chicago Mayor Richard Daley, along with Alderman Edward Burke and the Chicago City Council, issued a city-wide proclamation honoring Randa Accessories’ Chairman Herbert Spiegel. Randa is the largest men’s accessories company in the world.
The proclamation was issued by Mr. Burke in front of an enthusiastic crowd over more than 250 managers from Randa’s offices, local Chicago dignitaries and the press.
Among other facts in the proclamation it was highlighted that Randa has sold over one billion men’s ties, enough to “lasso the moon.”
From it’s humble origins as a family neckwear business in 1910, one century later Randa employs more than 3,000 associates on five continents, selling neckwear, belts, wallets, luggage, gifts and in-store merchandising services, under 60 prestigious brands, through more than 10,000 points of sale, worldwide.
Randa previewed a video to commemorate the event. The video is now available on YouTube by searching “Randa Accessories.”
Randa grew and prospered by leveraging its strong heritage to grow organically and via strategic acquisitions and global expansion. Firmly entrenched as the largest privately held neckwear business in the world, Randa leveraged its skills and financing to diversify into the men’s leather goods business with the acquisition of Humphrey’s Leather Goods and Trafalgar Leather Goods, becoming the largest belt, wallet and small leather goods supplier in the United States. Randa integrated these companies into Randa Leather Goods based in Chicago, Illinois.
In response to the rapidly expanding global economy, Randa established sales and distribution businesses in the United Kingdom, Canada, Mexico, South Africa, and Australia.
Ever consolidating and growing retailers required vendors that could manage the entire supply and purchase chain, from quality assurance through point-of-sale packaging and fixtures. Randa added these competencies, and more. In order to provide extraordinary presentation of products on a store level, Randa acquired MCG: Market Connect Group and built it into the largest department store merchandising company in the country. Today through its 2,500 employees, MCG provides replenishment, demonstration and brand services for many major vendors and retailers in the home, women’s, men’s and accessories industries, in addition to providing Randa with another competitive advantage.
Diversification continued with Randa’s acquisition of a luggage company, quickly positioned as America’s prominent luggage and travel goods supplier. Today, Randa Luggage is based in a new facility in Bloomfield, New Jersey with a custom built logistics center in Reno, NV.
Randa’s extraordinary design, sourcing, packaging and service skills positioned the company to excel at licensing and brand management. Today, Randa produces products under brands including Geoffrey Beene, Dockers, Levi’s, Perry Ellis, Nautica, Tommy Bahama, Diane von Furstenberg, Ben Sherman, Chaps, Columbia Sportswear, Dickies, Liz Claiborne, Marc Ecko, Pierre Cardin, Weatherproof, Anne Klein and many others.
During its April conference Randa announced plans to grow to $1 billion by 2025 and to reinvent its business, and the men’s accessories industry, in the process.
Download Randa Corporate Overview PDF
Download Chicago’s Proclamation PDF
View Randa’s video on YouTube
