Marquee Brands has acquired the Ben Sherman brand and all related intellectual property assets from Oxford Industries for $63.7 million.

Established in 1963, and synonymous with British youth culture, the Ben Sherman brand and shirt has been a fixture across generations of style movements.

Ben Sherman is the second investment this year for Marquee Brands, following its acquisition of the Italian luxury brand Bruno Magli in February.

“Ben Sherman remains a uniquely classic British brand with a loyal following across five continents and a smartness that’s ageless. Its heritage, style and authenticity fits perfectly within Marquee's growing portfolio,” says Cory M. Baker, chief operating officer, Marquee Brands. “Our plans to market and promote the brand across various lifestyle categories are well underway with new products and expanded retail coming to market as early as first quarter of 2016.”

Marquee Brands is sponsored by Neuberger Berman Private Equity, a business of Neuberger Berman.