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Chilewich is Sold

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Berkley Capital, the private equity investment arm of W.R. Berkley Corporation, has acquired a majority interest in textile brand Chilewich. Founder Sandy Chilewich and CEO Joe Sultan will stay on with Chilewich in advisory roles and remain on Chilewich’s board of directors, in addition to new members including former CEO of Design Within Reach John Edelman and Berkley Capital’s president Frank Medici and managing director Thomas Ghegan. With the investment and new leadership, the company plans to expand its national and global reach along with developing new product innovations. The terms of the deal were not disclosed.