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Juniors clothing line Hot Kiss has sold a majority stake (Undisclosed stake) of their $100 million a year company for $20 million to Bluestar Alliance a private equity fund.

The strategy of the sale is for Hot Kiss to build a retail division, grow its licensing, partner with better manufacturers and possibly lower wholesale prices.

Founder Moshe Tsebag will remain at the company as the director of marketing and merchandising. Son and daughter Jordan Tsebag and Hallie Tsebag will also continue their positions at Hot Kiss.

Source: (You Guys Didn?t Think We Knew Everything Did You )Apparel News

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