Big News for Charleston-Based Retailer Palmetto Moon!
This week, Palmetto Moon announced that Topspin Partners has invested in the Charleston-based business, which will enable Palmetto Moon to expand to new markets more rapidly. The collaboration between Topspin Partners and Palmetto Moon is an exciting move for the company, and we’re thrilled to support our client during this transition.
Momentum Marketing Agency Principal Pam Hartley said, “Palmetto Moon consistently does everything right—from providing outstanding customer service to expertly following market trends. They know how to run their business well, and this great opportunity is a result of the team’s outstanding dedication.”
Palmetto Moon Founders Robert and Karen Webster built their brand from the ground up, starting as a small kiosk in The Citadel Mall. Throughout the years, the company has expanded immensely, relying on the principles of stellar customer service and the provision of the most sought-after brands in the South.
What’s most important in this transition is that the Palmetto Moon we all know and love will remain the same to shoppers. The entire Palmetto Moon team, including veterans CEO Eric Holzer and President John Pennell, will continue in their roles at the company, and each location will still carry the Southern lifestyle brands tailored to each particular market.
The best part of this new collaboration is that the backing of Topspin Partners will allow Palmetto Moon to reach more markets at an increased pace.
Mr. Holzer stated, “Palmetto Moon has become a strong regional player in the specialty retail market over the last 15 years, growing to eleven stores across South Carolina, Georgia and North Carolina. I am excited about partnering with Topspin to continue growing Palmetto Moon’s footprint.”
Steve Lebowitz, Managing Partner at Topspin, added, “We are very impressed with the business the Websters have built and the growth that the company has achieved to date, and we see great potential for continued expansion within the southeast and beyond. We are excited to partner with Eric and the company’s management team to capitalize on that potential and accelerate the company’s growth.”
Motivity Capital Partners, a private equity firm with extensive experience in retail and operations invested alongside Topspin Partners. “We are excited to team up with Topspin and the management team at Palmetto Moon. The company’s dynamic merchandising concept led by their strong management team has produced outstanding results and we look forward to working with them to grow the business,” said Jack Gunion, Partner at Motivity.
All of us at Momentum Marketing are enthusiastic about this opportunity for Palmetto Moon to grow and to continue to thrive in the Southern marketplace, bringing their unique shopping experience to more customers in the Southeast. We look forward to working alongside of Palmetto Moon’s dynamic team as they expand in the coming months and years.
Learn more about Palmetto Moon by visiting their website. Stay up to date with Momentum Marketing’s happenings and client news by following us on Facebook.