Saadia Group completed the acquisition of e-commerce business of RTW Retailwinds for $40m.

Saadia Group, an e-commerce company, completed the acquisition of e-commerce business of RTW Retailwinds, an online specialty apparel retail platform for powerful celebrity and consumer brands, for $40m. “We are delighted to have successfully closed on the purchase of this business. We believe in the New York & Company and Fashion to Figure brands and the opportunity to use these e-Commerce platforms to continue to grow the business as we move forward," Jack Saadia, Saadia Group Chief Executive Officer.