U.S. equity firm InterLuxe acquires stake in Jason Wu
New York-based private equity firm Lee Equity Partners, together with fashion industry veterans Allen Questrom, Gary Wassner, and Melissa Beste, have launched InterLuxe, a platform to invest in growing, high potential fashion and luxury brands and support them with infrastructure, capital, and business resources to accelerate growth.
InterLuxe has made its first investment in the growing New York-based fashion brand Jason Wu, Mr. Wu also currently serves as Artistic Director of womenswear for Hugo Boss AG. Terms of the deal are not being disclosed.
Allen Questrom of Lee Equity said, “Jason Wu represents the next generation of great American designers. He has shown impressive design versatility and success across a range of styles and price points, including his high-end collection line, lower-price limited-time collaborations with Nordstrom and Target, and more recently a revitalized womenswear line for Hugo Boss. Jason has a very bright future ahead of him, and Lee Equity and InterLuxe feel fortunate to have the opportunity to support and participate in his continued growth and success.”