The wealthy Levis family has sold Cue Clothing – the retailing business behind its namesake women’s fashion label – and the Veronika Maine brand, to British asset manager Hilco Capital.
As part of the deal, Cue Clothing chief executive Simon Schofield is leaving the business in August. Melanie Levis, an executive director of Cue and daughter of founder Rod Levis, has also left in the past week.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
