Benchmark Capital exits eBags

EBags said Thursday that Benchmark Capital has sold its stake in the company. Financial terms weren’t announced. Mike Edwards, eBags President and CEO, and Peter Cobb, eBags co-founder and EVP, acquired a portion of Benchmark's shares. Saints Capital and Willowridge Partners Inc also bought part of Benchmark’s stake. EBags is an online retailer of handbags, luggage, backpacks, and accessories.

North AmericaUSBriefs