NTD Lands Nest Egg
New York–based private-investment firm Nest Egg Management acquired a minority interest in NTD Apparel Inc., the Montreal–based company whose portfolio of licensed brands includes Dickies, Paul Frank, Hello Kitty, Marvel, Warner Bros. and Mattel. Originally founded in 1986 as Novel Teez Designs, NTD features licensed products sold at specialty chains, mid-tier department stores and mass merchants such as Forever 21, HBC, Kohl’s, Sears, Wal-Mart Canada and Walmart USA. Nest Egg Manageing Director Brad Egna will join NTD as a senior adviser and board member. Egna is an industry veteran with more than 20 years of experience in apparel and international trade. In 1988, Egna founded Briefly Stated, a licensed apparel manufacturer, which he sold in 2005 to Li & Fung.
