Fashion

New York & Co sells for 20 million dollars


New York & Co.’s parent company, RTW Retailwinds has sold the
brand’s e-commerce business and related intellectual property to
Sunrise Brands LLC for 20 million dollars.

Sunrise has acquired New York & Co., size-inclusive brand Fashion
to Figure, and both brands’ online rental subscription services. The
company has said it plans to continue operating the online businesses.
Its existing portfolio of apparel brands includes Eva Longoria, Seven7
Jeans and American Rag.

RTW Retailwinds voluntarily filed for bankruptcy protection last
month after suffering the impact of the COVID-19 pandemic on clothing
sales. It began liquidating New York & Co. stores and
looking for buyers for its e-commerce business shortly after.



READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.