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Catalog Retailer Distinctive Apparel Picks Up Two New Catalog/Online Brands
Distinctive Apparel Inc. (DAI) has acquired catalog and online retailers TravelSmith and Chasing Fireflies from Cornerstone Brands, a division of Home Shopping Network.
Based in Randolph, Mass., DAI is an affiliate of Chevy Chase, Md.–based private equity firm Blackstreet Capital Management LLC (BCM) and owner of the Chadwicks of Boston, Metrostyle and Territory Ahead catalogs and online retail brands.
DAI Chief Executive Officer Aldus Chapin said the company was looking forward to “reinvigorating” the two well-known brands.
“The veteran DAI management team, led by Aldus Chapin, has deep experience successfully purchasing great apparel brands and there is no better team to revive and grow TravelSmith and Chasing Fireflies,” said Murry Gunty, BCM managing partner. “These brands will enhance DAI’s portfolio by adding a premier travel brand and a leading children’s apparel and costume brand to already strong and well-known men’s and women’s apparel brands that they currently own.”
