Alice + Olivia considering equity sale

US fashion brand Alice + Olivia may exploring selling an equity stake, according to Reuters.

The New York-based brand, which has annual sales of around 200 million dollars, is working with investment bank Sage Group and has already collected indications of interest from potential investors, the unnamed sources said this week.

Alice + Olivia, owned by Stacey Bendet and Andrew Rosen, sells through over 800 high-end boutiques and department stores. It also has 12 free-standing boutiques located in New York, California and Connecticut.