B. Riley Financial, Inc. acquired an equity interest in Scotch & Soda through its participation in its recent acquisition of the Dutch fashion brand by New York-based brand management company Bluestar Alliance, LLC.
Bluestar’s portfolio includes Hurley, Justice, Brookstone, Tahari, Bebe, Kensie, Catherine Malandrino, Nanette Lepore, English Laundry, and Limited Too.
Bluestar will continue to operate Scotch & Soda while expanding its luxury retail distribution strategy and introducing Scotch & Soda to a new consumer demographic.
Bryant Riley, chairman and co-CEO of B. Riley Financial, commented, “This investment builds on the success of our long-standing relationship with Bluestar and enhances our existing brands business. Our brand’s portfolio has generated meaningful returns for B. Riley since the inception of this business on our platform at the end of 2019. We intend to pursue additional opportunities to enhance this business in line with our stated strategy to expand and diversify our sources of steady and recurring earnings.”
B. Riley established its brand portfolio in October 2019 by purchasing assets and intellectual property related to six brands, including Catherine Malandrino, English Laundry, Joan Vass, Kensie, Limited Too, and Nanette Lepore. B. Riley expanded the portfolio by participating in Bluestar’s acquisitions of Hurley and Justice in November 2019 and December 2020, respectively.
