Stern Partners to acquire KarpReilly-backed retail chain Comark

Stern Partners, a private equity firm with investment experience in the retail industry, plans to acquire a Canadian clothing chain that has fallen on hard times. Comark, the parent of fashion brands Ricki's, Bootlegger and Cleo, agreed to sell the business to a Stern Partners' affiliate. Founded in 1976, the company has been backed for more than a decade by U.S. private equity firm KarpReilly.

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