DAVID DART SAID CLOSE TO BEING SOLD
LOS ANGELES — David Dart, a hot contemporary resource here, is reportedly about to be sold to a publicly traded company, WWD has learned.
An announcement of the sale could be made today, although the identity of the acquiring firm could not be learned at press time.
David Dart, the 31-year-old award-winning designer, operates his seven-year-old firm under the name Force One Inc.
Dart’s company is expected to generate $44 million this year, three times what it did in 1993. The line of softly structured separates and dresses is carried in Neiman Marcus, Bloomingdale’s, Saks Fifth Avenue, Lord & Taylor, among others.
In addition, Dart, based in Vernon, Calif., owns two namesake boutiques — in Santa Monica and Beverly Hills — and has plans for five or six more units in Sunbelt cities.
Last month, Dart was named California Designer of the Year by a committee comprising retailers, buying offices and media.
Bolstered by success at retail, Dart recently rolled out David Dart Sport, a knitwear division targeting his niche group, women aged 25 and up.