Business is booming for Christopher Burch. Yesterday it was announced that colossal hedge fund Fidelty took a $35 million stake in the company, valuing C. Wonder at $350 million. That’s quite a feat for a company that’s only been around since Burch opened his first retail store in New York’s Soho nabe in October of 2011. With the massive deal settled, the brand is planning a mega-expansion: By 2014, Burch plans to open between 50 and 100 retail stores, including international operations in Germany, Dubai, and Japan. The end goal is to amass 110 stores in the U.S., which would be part of a global portfolio of up to 350 retail spots.
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