Private equity firm Brentwood Associates has
acquired a majority stake in Sundance Catalog and plans to scale the luxury
retailer, long overshadowed by its sister resort and festival, into an
e-commerce powerhouse, the investment firm told TheWrap.
The move came as Los Angeles-based Brentwood
sold off stock in some of its niche brands -- French equestrian shoemaker Ariat
International and clothier Filson Holdings -- to purchase what partner Eric
Reiter called "a gem."
Selling
shareholders, including ACI Capital and Webster Capital, will retain a minority
ownership stake and president and CEO Matey Erdos, along with his team, will
remain.
