Michael Bastian Sells Majority Stake In Label

Several outlets are reporting that MB has sold a majority stake in his label to one Bluestar Alliance LLC. Indeed:

The first fashion industry M&A of the year is here! Bluestar Alliance LLC has announced that is will acquire a “significant interest” in the Michael Bastian brand for an undisclosed amount. . .

Bluestar, which was founded in 2007 by Joseph Gabbay and Ralph Gindi, owns, manages and markets a growing portfolio of consumer brands including Catherine Malandrino, Kensie, and Harve Bernard, purchased the “majority of the intellectual property” of the label. . .

The designer will retain a key portion of the business and will remain in complete control of the luxury portion of the label. WWD notes [that the] new joint venture–MB Brand Holdings LLC–will expand the Michael Bastian footprint into mid-level retailers with a line of licensed tailored clothing and sportswear before the end of this year” . . . .

Congratulations!

Michael Bastian’s New Girl

“Who’s that chick?” indeed.

Spring 2016 will bring Michael Bastian’s new girl — i.e., his new womenswear collection — to the forefront.

In his own words: “She’s starting off the same way our men’s did 9 years ago: a chino, navy cashmere sweater and a blue shirt.”

‘My Affair’ hears the sound of millions of pocketbooks opening. . .