The brand investment platform, founded by apparel veteran Jeff Streader, acquired Hatch last week with an eye toward connecting with women when they become pregnant and then keeping them as customers as their children grow.
“We are now active in the marketplace to acquire additional brands that would be a part of this platform where, most important, we can share the customer file,” Streader said. “We’re in three active projects right now and we are not going to build up a portfolio of apparel brands. It would be brands that are with different products or services that would be complementary to the overall platform.”
The firm focused on resetting the brand with investments both in the online and the brick-and-mortar business. Mo Beig, copresident and chief financial officer of Janie and Jack, said the business now has about 120 stores and, together with Hatch, is tracking toward nearly $300 million in annual revenue.