By  on April 19, 2013

LOS ANGELES — Can Planet Blue do for California boho chic online what Nasty Gal has done for the edgy rocker girl?

Breakwater Investment Management LLC believes it can and has invested an undisclosed amount to acquire a minority stake in Planet Blue to fuel the California retailer’s online and wholesale business. With its Web site being the primary driver, Planet Blue forecasts its sales could reach $100 million in the next three to five years, up from an anticipated $20 million this year.

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