NEW YORK—Nat Nast has been acquired by the brothers Michael and David Haddad. Nat Nast president and CEO Larry DeParis, who orchestrated the sale, has left the company, and founder Barbara Nast Saletan will take over as president.
“Nat Nast is a legacy brand rooted in family and tradition and my brother and I are excited to own this crown jewel of American fashion brands,” commented David Haddad. “We are excited by the rich heritage and look forward to expanding the brand while continuing to deliver the quality product Nat Nast is known for.”
Added Nast Saletan, “I am energized by David and Michael—their business acumen and passion for what my father started over 60 years ago is invigorating. Their knowledge
of the apparel business and commitment to growing the brand while supporting retailers and customers will ensure Nat Nast’s success.”
DeParis commented, “After an aggressive restructuring and refocusing of Nat Nast’s operations over the past 2½ years that enabled the brand to successfully navigate the challenging economic times, it is very gratifying to have found a strategic buyer with the resources to further develop Nat Nast to its full potential.”
The terms of the sale were not disclosed.
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