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Marvin Traub forms TSM Capital to invest in early stage fashion companies29/08/2007. Source: AltAssets. 
 Marvin Traub, the former CEO and chairman of Bloomingdales, and his business partners Mortimer Singer and Aslaug Magnusdottir have formed a new investment firm. TSM Capital invests in luxury brands and retailers within the apparel, accessories, cosmetics, jewellery and home sectors. The firm focuses on early stage businesses with revenues ranging from $5-50m per year.
TSM recently completed its first transaction which involved an investment in UK-based luxury fashion house Matthew Williamson Holdings.
Traub said, 'Through my consulting work and relationships within the industry I regularly get to know brands with huge potential for growth but that have limited access to financing. Very few professional investors focus on investments in early stage luxury businesses.
'I believe that there is significant need for a financial investor in this sector that has extensive US and international expertise and is able to actively support the brands in their growth. TSM Capital is made up of a group of individuals with extensive experience within the luxury sector and in investments. I believe our entity will be able to offer a very compelling choice for early stage brands as well as for investors that have an interest in putting money into the sector,' Traub added.
Traub has served as president of his marketing and consulting firm, Marvin Traub Associates, since 1994. Prior to starting his own firm, he was the president, chairman and CEO of Bloomingdales for over 20 years.
Singer has worked as a consultant at MTA since 2002. Prior to joining MTA, Singer worked in investment banking at JPMorgan Chase and launched the US division of Quintessentially, a UK-based luxury concierge service.
Magnusdottir joined MTA at the end of 2006 to help develop the new investment entity. Previously, she worked as an investment director at Baugur UK, where she established and ran the company's venture business unit focusing on investments in early stage fashion businesses. Prior to joining Baugur, Magnusdottir worked as a management consultant for McKinsey & Company in London. Previously, she established and ran the legal and tax department of Deloitte in Iceland.
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