A.L.C., a contemporary brand started by former stylist Andrea Lieberman in 2009, has sold a majority stake to one-year-old Interluxe Holdings, a New York-based fashion and luxury investment firm that bought a majority stake in Jason Wu in September 2014.
Interluxe CEO Melissa Beste said it will transition A.L.C. beyond wholesale, which is currently 100 percent of its business. "Part of our roadmap is establishing a marketing platform that will be very digitally based," she told WWD. "Opening retail stores and an e-commerce launch are all on the short-term horizon.”
Interluxe is a portfolio company of Lee Equity Partners founded by Gary Wassner and Cliff Moskowitz in 2014, and modeled after LVMH and Kering. Jason Wu and A.L.C. are its only investments at this time.