Close×

Accessories brand The Daily Edited has made a $2.3 million profit from one deal.

This week, the brand bought back a 30% stake it sold to Oroton last year.

It sold the stake for $4.5 million in March 2017, buying it back for just $2.2 million.

The original deal was struck by former Oroton CEO Mark Newman.

It was to include investment and operational support, as The Daily Edited expanded into new global markets.

The brand has a standalone store in New York, concessions in Saks Fifth Avenue and a concession at Singapore's Robinsons department store in Orchard Road.

Sales for the brand reached $19 million in 2017.

 

comments powered by Disqus