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EXCLUSIVE: Zac Posen Investor Explores Selling Stake in Fashion Company

Yucaipa Cos. could be looking to sell its stake in House of Z, Zac Posen’s firm, WWD has learned.
The investment firm, which was founded by Ron Burkle, has owned a piece of Posen’s company for more than 15 years, and confirmed exclusively that it was exploring options.
“We believe there are exciting opportunities to explore. We remain supportive of the brand,” Frank Quintero, a principal in Yucaipa, told WWD.
House of Z designs, markets, licenses and distributes women’s ready-to-wear, bridal and accessories under the Zac Posen, Zac Zac Posen and Truly Zac Posen labels. Known as a staple on the red carpet, Posen’s gowns have been worn by such celebrities as Uma Thurman, Michelle Obama, Gwyneth Paltrow, Naomi Watts, Claire Danes and Rihanna.
Quintero said there was no time frame on finding a partner with strategic capital, and Yucaipa could end up continuing to own a stake in the business. “It has been a great investment,” he said.
According to market sources, Posen is looking to explore what other strategic partners are out there to help the company with growth, particularly overseas expansion. The Zac Posen collections are available in 22 countries.
Quintero said he couldn’t comment on whether they have hired a banker yet.
Posen

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