By  on January 7, 2016

Michael Bastian has a new partner.

Bluestar Alliance LLC has signed a definite agreement to acquire a “significant interest” in Michael Bastian Inc. for an undisclosed amount. Bluestar declined to provide the percentage of its stake, but Bastian said the brand management firm purchased the “majority of the intellectual property” of the label. The designer will retain a key portion of the business and will remain in complete control of the luxury portion of the label.

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