Gump’s San Francisco has been acquired and is set to re-open under new leadership this fall.
After over 150 years in business, Gump’s was shuttered in December 2018. The new ownership intends to relaunch the store and online offerings.
“We have been impressed by this brand for over a decade. Gump’s has a very special connection with its clients,” said Anne Chachas, evp/Gump’s San Francisco. “We believe this iconic brand has a unique ability to curate an exceptional product that can once again delight clients for years to come.”
The new buyers are returning Gump’s to family ownership. Having visited the Gump’s store many times, John and Diane Chachas began investing in the company in 2007 in concert with financial investors. Their three children, Anne, Christopher, and Jack Chachas, became the new owners of the majority interest of the company and will take leadership in the relaunch of the Gump’s brand in North America and Europe.
Chachas indicated that the family plans to uphold Gump’s rich history in the store’s redevelopment. The company is set to reopen its digital and physical businesses in the fall of 2019. The location of the new store has yet to be confirmed.