Editor
Fund manager Consortium Brand Partners has acquired a 70 percent stake in Reese Witherspoon’s fashion and lifestyle brand Draper James. Terms of the deal were not disclosed.
Witherspoon will retain her minority stake in the brand, as well as a board seat and position as partner. Draper James chief executive Erin Moennich, CFO and COO Sarah Foley and head of design Kathryn Sukey will also remain in their respective positions.
The actress…
