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“To help increase New York City’s supply capacity amid the ongoing COVID-19 pandemic, RG Barry Corporation, makers of Dearfoams and Baggallini, is donating 100,000 masks to city hospitals through New York State Governor Andrew Cuomo’s office.”
 
– Footwear Plus Magazine

About RG Barry

 

RG Barry designs and markets two female-founded consumer brands: Dearfoams slippers and Baggallini travel bags. Dearfoams introduced the world’s first foam-soled, washable slipper in 1948 and has since grown to become the slipper category leader in the United States. Baggallini was founded by two flight attendants and is known for its fashionable and functional travel handbags, backpacks and luggage.

 

As a private company, RG Barry and Mill Road have worked together to modernize the company’s product offering, elevate the brand and digital marketing, and build strong e-commerce capabilities. Dearfoams slippers sales have grown approximately 50% under Mill Road’s ownership.

 

Progressive Method

 

​​​Mill Road acquired publicly-traded RG Barry using its differentiated progressive private equity investing process. Mill Road grew its public shareholdings progressively over a multi-year period, eventually becoming one of RG Barry’s largest shareholders. As its shareholdings grew, Mill Road developed a deep understanding of the company and built relationships with key stakeholders that allowed it to acquire the company in an exclusive sale process.

 

​Progressive Values

 

RG Barry is committed to serving it local communities. During the Covid-19 crisis, RG Barry supported “Healthcare Heroes” by donating thousands of surgical masks, Dearfoams slippers and Baggallini bags to doctors and nurses across the country. During the holiday season, RG Barry has supported Ronald McDonald House with donations from the sale of its “HOPE” slippers and has organized volunteer days for its team members.

 

RG Barry has made sustainability a corporate priority and has recently launched the eco-friendly Alpine footwear line, which has an outsole made by repurposing harmful algae from contaminated water sources.

Year of Investment
2008 (initial) 2014 (transaction)

Investment Type

Take Private

Website
www.rgbarry.com