St. John Knits Takes Up Home Furnishing
St. John Knits Inc. has signed an agreement with an Aspen, Colo.-based company to open a small number of home furnishing boutiques.
The deal announced on Wednesday calls for St. John Knits to make an unspecified investment in Amen Wardy Home LLC, and become a majority owner. The Colorado company, Amen Wardy, also will be an owner. The Colorado firm is owned by Amen Wardy Sr. and Amen Wardy Jr.
The first Amen Wardy Home store is scheduled to open Aug. 14 in a Dallas mall. The company hopes to open additional boutiques in Boston and Palm Beach.
In a related move, St. John Knits said it had introduced a new product line, SJK, that will be aimed at younger customers. The new line will consist of knitwear based on original designs that have been updated for the younger customers.
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