Retailers continue to focus on e-commerce as they have been struggling to keep brick-and–mortar stores afloat amid increasing online competition. Children’s apparel retailer Hanna Andersson LLC is another example.
L Catterton acquired Hanna Andersson from Sun Capital Partners Inc. Financial terms of the deal were not disclosed. Portland, Oregon-based Hanna Andersson, founded in 1983, is known for selling mostly Swedish-inspired children’s clothes. The target also sells sheets, blankets, backpacks and women’s apparel. Sun Capital bought the target in 2008.