Nexus Capital Management Completes Acquisition of Coldwater Creek and Soft Surroundings
Nexus Capital Management LP has finalized its acquisition of CW Holdings, LLC, the parent company of women's apparel and lifestyle brands Coldwater Creek and Soft Surroundings. The transaction involves the transfer of both brands from Newtimes Group to Nexus, a Los Angeles-based alternative asset management firm. The two brands operate as a scaled direct-to-consumer platform targeting women aged 45 and older through e-commerce and catalog channels. Following the acquisition, Nexus intends to leverage its consumer brand expertise and operating partners to drive growth for the combined entity's established customer base.
Tickers: $CWTRQ
Topics: Acquisition Alternative Asset Management Consumer Goods Retail