About five years after Marvin Traub helped sell Ellen Tracy to Liz Claiborne Inc., Traub and his new business partners are hoping to fulfill the vision Claiborne had for the bridge brand at the time but never achieved.
Radius Partners LLC, Windsong Brands LLC, Barry Sternlicht and Traub bought Ellen Tracy for $42.3 million — a substantial discount from the reported $180 million Claiborne spent to acquire the bridge label from Herbert Gallen and Linda Allard. Together the buyers are setting up two companies, a holding side that will own the label and an operating side to produce the sportswear, creating a platform from which they can acquire other women's apparel businesses.
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)