UNITED KINGDOM (Bloomberg) — The founder of Aspinal of London Ltd., the U.K. luxury handbag and accessory maker, is considering selling a minority stake to fund future growth, two people with knowledge of the matter said.
Chairman Iain Burton, who created the company in 2001, has held talks with private-equity firms over selling about 30 percent in a transaction that could value the company at as much as 150 million pounds ($253 million), said the people, who asked not to be identified because the talks are private.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"