Farol Asset Management invests in Cushnie et Ochs

Farol Asset Management LP has led an investor group to buy a stake in Cushnie et Ochs LLC. The investor group includes Farol and several fashion industry insiders. Financial terms weren’t announced. New York-based Cushnie et Ochs is a womens designer ready-to-wear company. Peter Arnold has joined Cushnie as CEO. He was previously CEO of Cynthia Rowley.

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