Scott Sternberg

The Band of Outsiders founder is back with a direct-to-consumer line of cool wardrobe staples at wallet-friendly prices.

After failing to attract a sizable enough bid for the company on Wednesday, Belgian fashion fund CLCC SA announced its plans to "continue to market Band of Outsiders in the U.S. and overseas."

"The proverbial Fat Lady sings, at least for me and my time here at Band," Sternberg wrote on Monday.