The company’s CEO said Friday he formed a new entity to acquire a majority stake in the business. “We are pleased to complete the [merger] and we look forward to continuing the growth of Nina,” Dabah said in a statement.
Dabah will retain his position as CEO of Nina. The company declined to give further details.
Dabah joined the firm in November 2011 after longtime Nina CEO Scott Silverstein (the son of the brand’s co-founder, the late Mike Silverstein), made a surprise exit. Dabah is also a family member — the son-in-law of the brand’s other co-founder, Stanley Silverstein.
Two of Stanley Silverstein’s daughters also work at the 59-year-old company: design director Flori Silverstein and chief creative officer Nina Miner.