Brand development and media company Xcel Brands has entered into an agreement to acquire women's wear and accessories brand C. Wonder.

The acquisition by Xcel, which designs and manages the Liz Claiborne New York brand, comprises the C. Wonder trademarks and related designs and other intellectual property rights. No financial details of the transaction were disclosed.

C. Wonder was bought out of Chapter 11 earlier this year by Burch Acquisitions. The company wanted to explore strategic opportunities to re-develop and expand the brand.

The closing of the acquisition is subject to board approval and customary closing conditions. Xcel said it will provide further information on its plans for the brand on completion of the transaction.