Sycamore Partners to Give New Life to Defunct Coldwater Creek

Sycamore Partners Coldwater CreekSycamore Partners to Give New Life to Defunct Coldwater Creek

New York—Although recently filing bankruptcy and liquidation proceedings, Coldwater Creek may yet have a new retail life.

New York private equity company Sycamore Partners announced today that it bought the Coldwater Creek brand through an affiliate company during the Coldwater Creek bankruptcy proceedings. The firm plans to re-launch Coldwater Creek as an independent portfolio company.

“Coldwater Creek is an outstanding brand with a 30-year heritage and strong support from its loyal base of longtime customers,” Peter Morrow, a managing director of Sycamore Partners said. “We are excited about adding Coldwater Creek to our growing portfolio of leading retail brands and look forward to reintroducing the brand to the marketplace.”

The intellectual property was purchased through Sycamore affiliate CWC Direct LLC in conjunction with Coldwater Creek’s ongoing Chapter 11 proceedings in the U.S. Bankruptcy Court in Wilmington, Delaware.

Sycamore, which handles some $3.5 billion in assets, has been investing in many retail companies of late, including Hot Topic, Talbots, Jones New, Aeropostale, Kasper Group, Kurt Geiger, Nine West Holdings, Pathlight Capital, Stuart Weitzman and Talbots.

Sycamore Partners did not say when it plans to re-launch the brand.

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Jeff Prine

Jeff Prine, Editor at Large, Accessories Magazine
Jeff returns as a regular contributor to Accessories magazine. Initially Jeff worked as senior editor at Accessories more than 20 years ago and his love of the industry has followed him until present. Since his tenure here, Jeff has continued to report jewelry, watch and other luxury goods trends as executive editor at Modern Jeweler magazine, fashion director at Lustre, and as contributor on products and trends for consumer and trade publications and websites. In addition to his editorial experience, Jeff also served as an adjunct instructor for accessories merchandising at Fashion Institute of Technology.