By  on April 29, 2011

Steven Alan has sold a minority share in his retail and design company to Tom Kartsotis, the founder and former chief executive officer of Fossil Inc. This is the first outside investor for Alan, who launched his company with a single store on Wooster Street in 1994 and has grown it to 10 stores, his own branded men’s and women’s collections and a multiline showroom that sells other independent designers.

This story first appeared in the April 29, 2011 issue of WWD. Subscribe Today.

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