Lion Capital to Keep Control of John Varvatos Fashion Business

The private-equity owner will buy back the fashion retailer out of bankruptcy after facing down a challenge from class-action plaintiffs

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July 24, 2020 5:18 pm ET Wall Street Journal

Private-equity firm Lion Capital LLP won the right to rescue the John Varvatos menswear retail operation out of bankruptcy, after a challenge from women who won a $3.5 million Equal Pay Act judgment against the retailer.

Earlier, Judge Mary Walrath held that the women failed to show Lion controlled the Varvatos policy that gave men, but not women, a clothing allowance at the rock ’n’ roll menswear seller.