By  on May 23, 2013

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.

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