Randa Accessories has been making men feel constricted since its inception in 1935. Now a leading manufacturer and distributor of neckwear, belts, wallets, luggage, and more, the firm has licensing agreements to make accessories for dozens of companies including Levi Strauss' Dockers, Perry Ellis, Tommy Bahama, and Chaps. Randa also makes private label goods for department stores, such Macy's, Nordstrom, and Sears. Initially focused on neckwear, Randa has responded to the trend toward more casual attire by diversifying into other men's accessories, such as wallets, backpacks, and small leather goods. It also offers luggage, casual bags, business cases, and gifts for men, women, and children.
Under CEO Jeffrey Spiegel -- who has led Randa Accessories for more than 20 years -- the company has steadily increased its sales from about $25 million in 1985 to more than $400 million in 2009. The business has grown by diversifying its portfolio of brands and products. Indeed, Spiegel has positioned Randa as a full-line lifestyle manufacturer, distributor and marketer through numerous acquisitions and licensing partnerships. To this end, Randa in 2012 acquired New York-based and apparel accessories maker Swank for roughly $57 million.
Randa, meanwhile, deepened its leather niche -- and entered the women's market -- with Badanco Luggage. The luggage purchase (2007) enabled Randa to ink a licensing deal with Perry Ellis in 2008 to sell luggage, as well as neckwear. Other recent additions to its portfolio of licensees include a deal with Ben Sherman to sell neckwear in the US, as well as the UK and Australia. Randa makes belts and leather goods in Australia under the same license. Its purchases of Trafalgar and Humphreys Accessories brought belts and suspenders into its portfolio.
In the US and abroad, the company has expanded its operations with the establishment of Randa Luggage in the UK (2008), the opening of a new logistics center in Nevada (2009), and a new luggage headquarters in New Jersey (2010). The company operates from some 20 locations worldwide, including China, Italy, South Africa, and the UK.