Apax

Private equity firms are steering clear of traditional fashion brands, but those with disruptive models remain prized acquisitions.

With MatchesFashion and now Moda Operandi in its portfolio of investments, what is Apax Partners’ endgame in fashion e-commerce?

Apax Partners, one of Europe’s largest private equity firms, plans to sell its stake in Tommy Hilfiger’s China operations to joint-venture partner PVH Corp., people with knowledge of the matter said.

WARRENDALE, United States — Rue21 Inc., the operator of more than 900 teen apparel shops, agreed to be bought by private-equity firm Apax Partners in