Who Owns Coldwater Creek Outlet Stores?

Who Owns Coldwater Creek Outlet Stores?

As of 2015, Coldwater Creek is owned by Sycamore Partners, an investment banking firm. Sycamore purchased Coldwater Creek during a Chapter 11 bankruptcy proceeding in 2014.

Coldwater Creek saw a decline in sales beginning in 2012. In the third quarter of the 2013 fiscal year, Coldwater Creek reported a net loss of $23.8 million from both in-store and online sales. Coldwater Creek was unable to obtain a buyer or investor and decided to file for Chapter 11 bankruptcy in 2014.

As of 2015, Sycamore Partners, the parent company of Coldwater Creek, also owns a number of other retail fashion stores. Among them are Hot Topic, Jones New York, Nine West, Aeropostale and Torrid. Sycamore has more than $5.3 billion under management and is working to expand its portfolio.