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Capital One has landed a credit card partnership with Williams-Sonoma, becoming the home-furnishings retailer’s exclusive issuer and reaching a deal to buy its existing card portfolio.
The McLean, Virginia-based company entered into a long-term agreement to offer co-branded and private-label credit cards, according to a press release Tuesday. In addition to the kitchenware chain Williams Sonoma, the retailer’s brands include Pottery Barn, West Elm and Mark & Graham.
Capital One’s deal to buy the retailer’s existing card portfolio ends a years-long partnership between San Francisco-based Williams-Sonoma and Alliance Data Systems, the parent company of Comenity Bank.