Less than three months after Sun Capital Securities Group LLC took over Kellwood Co., the private equity firm is cutting the St. Louis-based manufacturer's mainstream dress business.
Despite the strong dress cycle, Sun Capital deemed Kellwood's moderate dresses — part of the former Halmode and current Lifestyle division, which includes Sag Harbor dresses — as unprofitable and is shuttering the business, while keeping mainstream sportswear and better dresses, WWD has learned.
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