Interluxe Holdings, the New York-based fashion and luxury investment firm that bought a majority stake in Jason Wu last year, has added contemporary brand A.L.C. to its portfolio.
Founded in 2009 by former stylist Andrea Lieberman, A.L.C. has gained a reputation for its relaxed silhouettes, cool separates and luxury basics, which are currently stocked at Harrods, Harvey Nichols, and Matches in the UK, as well as at stores such as Barneys New York, Bergdorf Goodman, Saks Fifth Avenue, and Intermix.
Terms of the deal were not disclosed, just that the investment would help propel the fashion label, including helping the line launching its own e-commerce and retail stores.
Commenting on the deal, Lieberman said: “We are thrilled to be partnering with InterLuxe. The InterLuxe and Lee Equity teams have a unique combined strength. Their industry knowledge, experience, and relationships make them the right strategic partner.
“Most importantly, they share a common vision for the future success of A.L.C. and are fully committed to the exciting journey that lies ahead.”
Melissa Beste, the CEO of InterLuxe, added: "A.L.C. makes a beautifully designed collection that appeals to the modern, sophisticated woman. The brand has great momentum, and we are extremely excited to be partnering with Andrea Lieberman. She is an extraordinary talent and an emerging leader in American womenswear.”
The investment in A.L.C. is the second fashion partnership for InterLuxe, a portfolio company of Lee Equity Partners founded by Gary Wassner and Cliff Moskowitz in 2014, and modelled after LVMH and Kering.