STRUGGLING ALIGHT.COM SEEKS CAPITAL INFUSION
Byline: Vicki M. Young
NEW YORK — Alight.com, e-tailer of apparel for plus-size women, is the latest fashion dot-com scrambling to survive.
Jon Langbert, president of Alight, told WWD Thursday: “Alight is in the process of selling certain components of the business and is no longer purchasing inventory for sale on our Web site. Due to the challenging economic environment,” Langbert added, “we are working diligently with our suppliers to address all outstanding issues.”
Meanwhile, Alight, based here in the fashion district, reportedly is working to consummate a transaction for fresh capital. According to a financial source, Alight began restructuring its operations on March 15 and has not been paying all of its bills. In one instance, said the source, a vendor holding a $50,000 claim with Alight was offered a settlement representing just 11.5 percent the claim’s value.
The Web site, which went live in February 2000, offers apparel under labels such as Ellen Tracy, Tamotsu, Gianni, Eileen Fisher and Due per Due.
Alight’s struggles have come, despite a prominent profile in online style circles achieved through partnership pacts struck with celebrity reporter Star Jones, a host of ABC’s “The View” and spokeswoman for the dot-com, and model Emme, whose namesake line became one of the e-tailer’s strongest sellers.