Proenza Schouler’s Major Investor Wants to Sell I

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In 2007,new era caps,Proenza Schouler Fall 2011 New York Energy – Fashionista Fashion Industry News, Designers, Runway Shows, Style Advice, the Valentino Fashion Group–at that point already under Permira’s reign–bought a 45% stake (just $3.7 million) in Proenza. Given the potential of the Proenza brand,boston red sox hats, that wasn’t very much money. According to our sources,In Honor of the Series Finale Of The Hills, An Analysis of Tats On the Show – F,transformers hats, Proenza’s CEO Shirley Cook agreed to the deal under the assumption that designers Lazaro Hernandez and Jack McCollough would succeed Valentino Garavani once he retired. However,new era hats wholesale, Garavani’s eye was on Zac Posen for the job. In the end,baseball hats, neither Posen nor the Proenza boys were chosen to take over for Valentino.
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News,tapout hats, The Business Proenza Schouler’s Major Investor Wants to Sell Its Stake in the Company By Lauren Sherman Sunday,jordan hats, Feb 28,tampa bay rays hats,First Look Collina Strada Spring 2011 and Exclusive Collab With Need Supply – Fashionista Fashion Industry News, Designers, Runway Shows, Style Advice, 2010 / 3:51 PM GMT -5
We’d deduce that it’s the former scenario. Proenza’s leather goods line has grown exponentially over last two years and its ready-to-wear label continues to receive stunning reviews from critics and buyers alike. We’re guessing another private equity firm will invest in the still-small company,oakland athletics hats, but it would be interesting to see someone like LVMH scoop this promising brand up.
Proenza Schouler’s major financial backers want out,colorado rockies hats, reports WWD. London-based mergers and acquisitions firm Permira is said to be shopping around both Proenza and its other fashion brand: Valentino.
The fact that Permira is so eager to sell off Proenza could mean two things: 1. The firm has made a healthy return on its investment and is ready to move on. 2. The label has proven more difficult than expected and Permira wants to rid itself of the investment while it still can.