Hershel Supply Co buys Totokaelo & 8100 Melrose
The BOF has just reported that Vancouver based, Herschel Supply Co has just purchased majority interest in Totakaelo - A luxury retail store with Locations in Seattle & New York City.
“Totokaelo will continue to function as Totokaelo LLC, a separate and distinct entity... with our own product mix, aesthetic and mission,” Totokaelo founder Jill Wenger wrote in a note to vendors. “Herschel will provide the funding to ensure Totokaelo meets our financial commitments. Need Supply will provide the operational support and infrastructure to ensure Totokaelo’s growth feels productive and in control. I will continue to provide the vision, look and feel of all things Totokaelo.”
Even more interesting, is that along with Brian Hill from Aritzia, Herschel Supply has purchased the Fred Segal Center at 8100 Melrose in Los Angeles. The retail space is currently occupied by a few premium retailers: Ron Robinson, and Ron Herman. Could an Aritzia and Herschel Store be in the works?
Read the full story here.