After more than three years of working to restore the luster of the Oscar de la Renta fragrance business, the design house has signed a multiyear global licensing pact, as well as the sale of certain assets, in a deal with Inter Parfums USA LLC, a subsidiary of Inter Parfums Inc.
The acquisition is expected to be completed by Dec. 2, when Inter Parfums will take over production and distribution of de la Renta’s fragrances. The agreement covers cosmetics as well as scent.
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?"