The future of Ginger & Smart, one of the country’s best-known luxury women’s fashion designers, is uncertain after its private equity owners sold the business and the brand for a token amount.
Alquemie Group has also sold the remaining assets of SurfStitch, online surf and skate wear retailer that soared to a $500 million valuation a decade ago, to the same undisclosed buyer that purchased Ginger & Smart.
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