Just months after grabbing e-commerce-driven Swiss Watch International, Clearlake Capital Group LP has acquired 89 percent of beleaguered online retailer Bluefly Inc. from the company’s principal shareholders, including George Soros.
A separate agreement paves the way for the Los Angeles-based private equity firm to boost its stake in Bluefly to more than 90 percent and then acquire the remaining shares for 10 cents a share. Trading in shares of Bluefly, which last were quoted at 39 cents on the Nasdaq market on May 22, will cease trading today.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)