Jason Wu Wu Jigang Sells Majority Stake In The Same Name Brand

Jason Wu Wu Jigang, a Chinese designer, has sold the same name personal luxury brand equity stake to InterLuxe, an investment company, to acquire funds for opening the flagship store, expanding e-commerce and developing handbags and leather goods businesses.

The details of the paction are unknown.

In mid August, foreign media quoted people familiar with the matter as saying that Jason Wu plans to introduce new investors to its personal brand with annual sales of about $20 million, which was being consulted with a number of potential investors.

InterLuxe by

Holdings Company Lee Equity Partners LLC funded, fashion and manufacturing financing factoring company Hilldun Corp. joint CEO Gary Wassner as chairman of the company.

InterLuxe targets small brands with annual sales ranging from $15 million to $100 million, and does not have a fixed exit strategy.

Jason Wu, 31, graduated from the Parsons The New School for Design School of design in 2006, and founded her personal brand in 2006. It was famous for the two inaugural dress of the first lady of the United States, Michelle Obama Michel Obama, in 2009 and 2013.

In the middle of 2013, Jason Wu was awarded the artistic director of Boss dress Womenswear, Hugo Hugo, a German clothing giant Hugo Boss AG (BOSSn.DE).

Its brand now consists of 190 outlets and limited services.

Commerce website.

Jason Wu will continue to serve the Hugo Boss AG (BOSSn.DE) Hugo Bosse, while serving as the chief creative officer of its brand, and the CEO is expected to be appointed shortly.