Trina Turk Gains an Investor
Greenwich, Conn.–based private investment company KarpReilly LLC has made an undisclosed investment in Alhambra, Calif.–based contemporary brand Trina Turk.
The investment will help grow the 13-year-old brand, which sells in upscale department stores such as Nordstrom, Neiman Marcus and Bloomingdale’s, as well as specialty boutiques nationwide.
The California company also operates three Trina Turk retail stores, located in Palm Springs, Calif.; Los Angeles; and New York. Plans are underway to open two more California stores in Burlingame and at Fashion Island in Newport Beach later this year.
The company also recently opened a home deacute;cor store adjacent to its Palm Springs store and has an interior-fabric collection, produced under a licensing agreement with Schumacher, launching for Spring 2009.
Los Angeles–based investment company The Sage Group LLC advised Trina Turk in the transaction. —Alison A. Nieder
