- ECGI Holdings is making strategic moves to capitalize on the projected growth in various markets, including the global equestrian apparel market, equestrian equipment and tack market, and the greater overall equestrian market
- The company recently announced the planned launch of a new line of equestrian apparel under Pacific Saddlery’s Allon brand
- This new collection is intended to elevate the standard of equestrian apparel and will feature innovative designs that embody luxury, quality, and an unmatched level of craftsmanship
- ECGI holds that its targeted markets present huge opportunities for generating consistent revenue and supporting continued growth, its status as a relatively small player in the markets notwithstanding
ECGI Holdings (OTC: ECGI), a diversified holding company focusing on viticulture, luxury fashion, and equestrian markets, made its initial investment last year in Pacific Saddlery Inc., a premier manufacturer and retailer of equestrian apparel, tack, equipment, and accessories. The company intended to carve out an operating niche in the luxury brands space, ensuring its products and services are synonymous with quality, elegance, and an unrivaled value proposition for end users (https://ibn.fm/TCS1n).
ECGI in June buttressed the plans to realize this objective by signing a binding Letter of Intent (“LOI”) to acquire all outstanding shares of Pacific Saddlery. This move, the company noted, aligned with its objectives of expanding its presence in the luxury brands sector (https://ibn.fm/suMgU). Not long after, ECGI announced plans to launch a new line of ready-to-wear equestrian apparel under Pacific Saddlery’s celebrated Allon brand (https://ibn.fm/NKmnc).
According to Nick Collins, President of Pacific Saddlery, this new collection is intended to elevate the standard of equestrian apparel. The new line will feature innovative designs that not only embody luxury and quality but also continue to capture the unmatched craftsmanship and style that have become synonymous with Pacific Saddlery’s equestrian products.
The launch comes at a time when the global equestrian apparel market, equestrian equipment and tack market, and the larger equestrian market are poised for significant growth. A report by Global Market Insights projects the global equestrian apparel market, valued at about $6.5 billion in 2023, will grow at a CAGR of 4%, reaching $9.7 billion by 2032. This growth is expected to be driven by the increasing popularity of equestrian events and sports, growing disposable incomes in urban populations, and rising awareness of how equestrian apparel promotes safety, comfort, and performance during leisure riding and equestrian sports (https://ibn.fm/c2zZK).
Additionally, the luxury equestrian apparel market, a subset of the overall luxury apparel market, is expected to witness robust growth, especially given that the overall luxury apparel market is projected to expand to $321.6 billion by 2032 from $218.2 billion in 2024. Key drivers for this growth, a Market Research Future report notes, include North America’s strong affinity for luxury apparel as well as the heightened demand for luxury apparel in emerging markets due to rising disposable income, urbanization, and an aspirational middle class (https://ibn.fm/ybrvy).
ECGI’s other target, the global equestrian equipment market, is forecasted to grow at a CAGR of 4.3% from 2024 to 2032, reaching $17 billion by the end of the forecast period (https://ibn.fm/oqR95). To tap into this growing market, Pacific Saddlery manufactures and sells a variety of tacks under the Allon brand, including bridles.
The company believes these burgeoning markets present vast opportunities for generating consistent revenue and enabling it to post continued growth even as a relatively small player in the market. This is a sharp contrast to small markets, which often have a few well-established top players whose first-mover advantage/incumbency and unrivaled stronghold limit the chances of smaller players succeeding.
For more information, visit the company’s website at www.ECGIHoldings.com.
NOTE TO INVESTORS: The latest news and updates relating to ECGI are available in the company’s newsroom at https://ibn.fm/ECGI
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