Nanette Lepore Sells Majority Stake To Break Through

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Bluestar Alliance LLC and other brands were invited by The Sage Group LLC in 2013 to start negotiations with Nanette Lepore. After a year and a half bargaining, the two sides finally concluded their trading on the first Monday of 2015, making it the first acquisition in the fashion industry this year.

Nanette Lepore and its Nanette Lepore brand chief executive's husband Robert Savage and Bluestar Alliance LLC will share the intellectual property rights of Nanette Lepore brand. In terms of ownership, the brand will be held by the company, and I will retain a few rights, and the details of other pactions will not be disclosed.

Nanette Lepore started its business in 1992 from its father's $5000.

Swimwear, accessories and household products and other product lines in New York,

There are separate stores in Boston and other places, and 11 outlets are opened in Tokyo.

The brand is also working with J.C. Penney Company Inc. (NYSE:JCP) Penny department store to have L 'amour Nanette Lepore children's wear series.

Nanette Lepore hopes that with the expertise of Bluestar Alliance LLC, the brand can expand more categories through new authorization, and seek to establish more stores at home and abroad to increase its popularity.

Nanette Lepore and Robert Savage will continue to operate the core high-end garment business under the brand's investment of Bluestar Alliance LLC. Bluestar Alliance LLC will focus on brand management and other extension areas, and build the brand into a lifestyle brand.

Bluestar Alliance LLC was founded in 2007 by Gabbay Gindi and Ralph Gindi. It is a closed-end private equity fund company with a capital scale of US $250 million. It has many intermediate consumer brands, such as Kensie, Mac+Jac, Joan Vass, Kooba, cable, cable, cable, cable, cable and cable.

In August 2013, Bluestar Alliance LLC acquired Catherine Malandrino's brand and IP assets.

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Mike Shearwood, chief executive of Karen Millen, the British clothing brand, has withdrawn from the board of Aurora Fashions group, making the high street clothing group a step closer to bankruptcy and selling brands.

Aurora group is the second largest fashion group in the UK. It has some of the largest high street clothing chains in the UK, including women's clothing brand Oasis, high street clothing brand Coast and the clothing brand Warehouse set up in 1976.

Originated from the British clothing brand Karen Millen in 1984, Karen Millen was separated from the group in 2012, and now Mr. Shearwood also withdraws from the board of Aurora group, which allows him to initiate a full manipulation of women's clothing brands.

The majority stake in Aurora group is owned by Iceland bank Kaupthing, but it is a bankrupt group, making it easier to sell some personal brands to new investors.

Although in 2012, when the brand broke away from the group, Mr. Shearwood, chief executive of Aurora, remained in the directorship.

But according to fashion headlines, the company's documents show that in late November, Mr. Shearwood's term as director of Aurora Fashions group has expired.

Now the news that Aurora group is about to go bankrupt will stimulate potential buyers' interest in the final stage.

However, from September to October, mild weather inhibited people's demand for winter clothes and made clothing retailers have a pile of backlogs that they could not sell. The brands of Aurora group might have experienced a challenging Christmas.