Catalog Holdings sells Spiegel Brands

Share this content:
Catalog Holdings, a portfolio company of Golden Gate Capital, has sold its interest in Spiegel Brands Inc. – owner and operator of Spiegel, Newport News, Carabella and AB Lambdin brand names -- to an investor group led by Granite Creek Partners in an undisclosed deal.

"The sale of Spiegel was a natural step in managing our portfolio of brands as we had grown profitability dramatically and produced very attractive investment returns over our four years of ownership,” said Stefan Kaluzny, managing director at Golden Gate Capital in a statement.

This comes as Orchard Brands Division, a division of Catalog Holdings LLC, acquired Crosstown Traders, a division of Charming Shoppes Inc. Crosstown Traders operates various catalog and e-commerce sites that target baby boomers including: Old Pueblo Traders, Bedford Fair, Willow Ridge, Lew Magram, Brownstone Studio, Intimate Appeal, Monterey Bay Clothing Company and Coward Shoes.

In 2004 Golden Gate bought Spiegel Catalog Holdings Corp. on July 19 after Spiegal Inc. declared bankruptcy.

Next Article in Direct Mail

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above