Spiegel Inc. has sold its catalog to Spiegel Catalog Holdings Group, a group comprised of senior management and Golden Gate Capital, for an undisclosed sum.
The Spiegel catalog will keep operating as it has since it filed for Chapter 11 bankruptcy protection last year, said spokeswoman Sonya Hartland. She indicated that it’s too early to say whether Spiegel will make any further cost-trimming efforts than it already has.
“It’s too early to talk about changes to the business plan,” she said.
The Spiegel catalog and Internet businesses will be headquartered in New York with distribution services operating out of Hampton, VA.
Golden Gate Capital is a San Francisco-based private equity investment firm with approximately $2.5 billion of capital under management.
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