ICV Partners Announces Sale of Marshall Retail Group
Marshall Retail Group, LLC
Headquarters – Las Vegas, NV
Date of Investment – January 2003
Marshall Retail Group is the largest independent specialty retailer to the casino retail market. The chain boasts 40 stores that cater primarily to resort-and-casino visitors along the famed Las Vegas Strip.
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Marshall Retail Group – Case Study
The leading independent specialty retailer to the casino market in Las Vegas.
ICV recruited a seasoned retail executive to the board to share industry insights, and added $3 million of incremental revenues through its diversity supplier relationships.
Marshall made some key management hires including adding a President, CFO, Merchandising Managers, and Director of Operations. The company invested $4.7 million to develop and grow from 40 locations to 55, and entered the Atlantic City market. Sales grew by 75% and EBITDA doubled during ICV’s two-year ownership period.