WWD Daily Edition by JESSICA IREDALE
Andrea Lieberman has sold a majority stake of her contemporary label A.L.C. to InterLuxe, an investment arm of Lee Equity Partners. WWD reported last year that the two companies were in talks, as Lieberman had been seeking investors and InterLuxe, which was established last year by chairman Gary Wassner of Hilldun, has been looking to build its portfolio of designer brands. The company took a controlling interest in Jason Wu last September.