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From Good to Khaite

Two and a half years after getting a $150 million check from Stripes, Catherine Holstein’s fashion label is performing across categories. Can the Khaite mystique survive aggressive P.E.-driven expansion?

Catherine Holstein
Retailers who wholesale the brand have told me that Catherine Holstein has managed to capture the “basic rich woman” aesthetic, and specifically dresses the 40-to-50-something female consumer who doesn’t like logos but does want to feel fashion-relevant. Photo: Aidan McLellan/BFA.com
Sarah Shapiro
August 12, 2025

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It’s been almost two and a half years since Khaite, the New York–based fashion label designed by Catherine Holstein, received a $150 million check from Stripes for an 80 percent majority stake. At the time, Lauren noted that Khaite was an unusual fit for a firm like Stripes, which had amassed a portfolio of progressive-but-unapologetically-consumerist companies like Erewhon and Vuori. These were very different bets than a high-end U.S. fashion company, which European conglomerates have traditionally—and often successfully—tried to squelch.