Delia’s Inc. Tuesday sold its Alloy business to HRSH Acquisitions LLC for $3.7 million in cash and $3.1 million in assumed liabilities.
HRSH, formed to make the acquisition, is led by Brian Lattman, who will serve as president of Alloy Apparel and Accessories, a new entity, and Steve Russo, the founder of FAB NY, a firm focused on back-to-school accessories. Lattman was most recently the chief merchandising officer of LANY LLC and earlier held the same post at Norstan Apparel Shops, of which he was also a principal.
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