The MAC Group this week announced that it has completed its purchase of the Tenba bag division, its longtime partner, from its founder Robert Weinreb.
“We’ve grown our bag business over fourfold in as many years,” Tenba and MAC Group President Jan Lederman said as part of the announcement. “The company is forecasting 2011 to be its biggest year by far, and is expecting the business to double over the next two years. This has been building for some time and, especially given the highly competitive nature of this category, is very exciting for us.”
