InterLuxe Takes Majority Stake in A.L.C.

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.

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Jason Wu Sells Majority Stake to InterLuxe

WWD.com - by EVAN CLARK

NEW YORK — Jason Wu sold a controlling stake in his business to InterLuxe — a new investment firm that leans on the fashion expertise of Gary Wassner and Allen Questrom. The designer, who unveils his spring collection on the runway today, plans to use the new funds to open a flagship and expand his budding e-commerce and handbag businesses.

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