Apparel Maker Faherty Explores Selling Minority Stake

Faherty Brand, a family-owned clothing brand and retailer, is exploring strategic options including the sale of a minority stake, according to people with knowledge of the matter.

The New York-based company, which is profitable, has tapped a financial adviser as it seeks to solicit interest from potential investors including private equity firms and family offices, said the people, who asked to not be identified discussing confidential information. Terms, including Faherty’s potential valuation, couldn’t immediately be learned.