The story
On February 9, 2012, The Connaught Group, parent company to Carlisle Collection, filed for Chapter 11 Bankruptcy and made plans to sell the company at auction. On April 5, 2012, women’s wear direct-seller The Connaught Group was sold for $22 million to a joint venture between Tennessee-based and Hong Kong’s Royal Spirit Group, following an April 5 bankruptcy auction in New York. The new parent company "Carlisle Etcetera LLC" assumed control of the Carlisle Collection and the related direct sales fashion line Etcetera. The purchase price consisted of $20 million in cash and the assumption of the lease for Connaught’s midtown Manhattan office spaces. Royal Spirit Group, a clothing manufacturer that was Connaught’s largest creditor, also waived its $5.4 million general unsecured claim.
As of April 2013, it was reported by Carlisle Etcetera LLC - CEO that the new company has turned a profit in their first calendar year since assuming control.
In 2015, Hong Kong’s Royal Spirit Group acquired CARLISLE from founding parent company, The Connaught Group.
CARLISLE made its runway debut at NYFW in February 2018 featuring its Fall 2018 collection designed by Fred Tutino and styled by celebrity stylist Micaela Erlanger.
From Wikipedia’s article on Carlisle Collection, shared under CC BY-SA 4.0.3