A.L.C. ATTRACTING ATTENTION: Andrea Lieberman’s ready-to-wear collection A.L.C. is finding friends other than starlets and singers. The designer — who has worked as a stylist for Gwen Stefani, Gwyneth Paltrow and Kate Hudson and whose “Nora” dress was recently seen on Emma Stone — has held discussions with several potential investors, according to sources. InterLuxe is said to be one of the parties to have held tentative talks with the brand, although the investment firm declined to comment and is focused on its recently acquired Jason Wu business. It is unclear how far A.L.C.’s talks have progressed, and the names of the other would-be investors could not be immediately learned.
The line, which launched in 2009 and is carried online by Saks Fifth Avenue, Barneys New York, Nordstrom, Intermix and others, appears to have arrived at the right time. There are more investors than ever looking to get a piece of a young designer’s business on the upswing. A spokeswoman on Wednesday said Lieberman was traveling and could not be reached.
This story first appeared in the October 17, 2014 issue of WWD. Subscribe Today.