Totokaelo, the young-luxury retailer with roots in Seattle that opened an ambitious 8,400-square-foot store in New York City's Soho neighbourhood last autumn, has been purchased by Herschel Capital Co., the Vancouver-based investment division of accessories brand Herschel Supply Co., BoF has learned. As part of the deal, Totokaelo will enter into a long term operating agreement with the Richmond, Virginia-based retailer Need Supply Co., in which Herschel Capital Co. owns a minority stake. This means that Need Supply’s operations department will take over some of Totokaelo’s back-end functions, such as warehousing.
https://www.businessoffashion.com/ar...co-jill-wenger
https://www.businessoffashion.com/ar...co-jill-wenger
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