Cerberus-backed BLST completed the acquisition of Bluestem Brands, a multi-brand, online retailer serving a broad range of customers throughout the United States. Financial terms were not disclosed. "We are excited to complete this transaction and build on the strength of the platform. With our financial flexibility and partners, we have the foundation to support the strategic growth of our business, while delivering exceptional value, style and service to our customers. We are grateful to our team members, customers, and vendors and look forward to elevating the success of our premier portfolio as we maintain our customer-first focus," Robert Warshauer, BLST Chief Restructuring Officer.