US marketer of several apparel brands, Distinctive Apparel has acquired the assets of catalogue and internet retailers, TravelSmith and Chasing Fireflies from Cornerstone Brands, a subsidiary of Home Shopping Network. Distinctive Apparel is an affiliate of Blackstreet Capital Management, which focuses on investments of up to $150 million of revenue.
Distinctive Apparel owns and manages apparel brands including Chadwicks of Boston, Metrostyle and Territory Ahead all of which are sold directly to consumers through the internet and catalogues.US marketer of several apparel brands, Distinctive Apparel has acquired the assets of catalogue and internet retailers, TravelSmith and Chasing Fireflies from Cornerstone Brands, a subsidiary of Home Shopping Network. Distinctive Apparel is an affiliate of Blackstreet Capital Management, which focuses on investments of up to $150 million of revenue.#
“We are thrilled to acquire these two well-known brands,” said Aldus Chapin, CEO of Distinctive Apparel. “We look forward to reinvigorating TravelSmith and Chasing Fireflies and bringing unique and exciting products to their loyal customers.”
Blackstreet Capital has to-date invested in 30 companies with combined sales in excess of $1.5 billion with over 8,000 employees. (AR)
ALCHEMPro News Desk – India
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