Dallas Startup Edition Collective To Be Acquired By Men’s Custom Retailer
After nearly four years building his Dallas fashion e-commerce company Edition Collective, Matt Alexander has found a buyer. Dallas-based men’s retailer Q Fifty One on Monday approved the purchase of Alexander’s startup in a cash-and-equity deal. Financial terms of the deal were not disclosed. Q Fifty One, which owns and operates Q Clothier and Rye 51 across Dallas, Houston, Atlanta, and Oklahoma City, has appointed Alexander as the president and CEO of the newly formed division, Q Fifty One Digital. The company, which employs 45 people and operates its main office out of Uptown, will also receive a list of the startups customers and Edition Collective’s intellectual property, including its iOS mobile app. Edition Collective is the umbrella company for Foremost, formerly Need, and Imprint. Foremost and Imprint, as it exists today, will shut down. Read more at D Magazine.
