Chiasso Sold for $700,400

Talk of profitability is rolling off the tongue of the new owner of Chicago-based Chiasso--just months after the company's January Chapter 11 filing. On April 2, Northfield, IL-based CCS Capital, owned by Chris Segal, bought the direct portion of Chiasso for $700,400. Chiasso closed its 14 stores prior to the sale.

CSS Capital plans to retain Chiasso’s merchandising direction and employees, says Segal, while focusing heavily on customer service. Above all, he adds, "my immediate goal is to make Chiasso profitable."