Steven Alan Seeks Investor To Grow

NEW YORK — Steven Alan has big plans for the future — and he’s looking for an investor to help him get to the next level. The designer has hired Financo Inc., to find a backer for his brand, WWD has learned. Reached at his headquarters here, Alan said he has no plans to sell his company but engaged the investment bank “to put together a book. We haven’t spoken to any potential parties yet,” he said, “but we’re thinking about what strategy we should take to grow the company.” Alan currently has 22 stores in the U.S. as well as four that he operates in Japan with United Arrows. The Steven Alan brand is sold in more than 300 stores worldwide. In addition to his own label, which he launched in 1999, Alan operates showrooms in New York and Los Angeles that represent 15 other designers of apparel, handbags and accessories. Many of these brands are also carried in the Steven Alan stores, he said, although the vast majority of the merchandise in those stores is his own label. “We want to grow as responsibly as we can and not bite off more than we can chew,” Alan said, explaining why he

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