Coldwater Creek to Relaunch as Independent Company

Private equity firm Sycamore Partners announced Monday that it bought the going-out-of-business Coldwater Creek brand and other intellectual property through an affiliate company during the apparel chain's bankruptcy proceedings. Sycamore said it plans to relaunch Coldwater Creek as an independent portfolio company, but it didn't give a timeline for the launch. Terms of the acquisition weren't disclosed. "Coldwater Creek is an outstanding brand with a 30-year heritage and strong support from its loyal base of longtime customers," said Peter Morrow, a managing director of Sycamore Partners.