Billy Reid to acquire the direct to consumer business from Knot Standard.

Billy Reid, the namesake line of fashion designer Billy Reid, agreed to acquire the direct to consumer business from Knot Standard, a custom clothing company. Financial terms were not disclosed. "We're excited to build upon our already existing partnership with Knot Standard and begin working directly with their eight locations.  We were initially attracted to the product quality, similar customer and unique business model, all of which complement the Billy Reid business and will create a stronger consumer offering than each brand could have achieved alone," Jeff Zens, Billy Reid CEO.