PARIS - OFI Private Equity Capital has acquired 65 percent of hair care andbeauty salon concern Dessange International for approximately 80 millioneuros, or $124.6 million at current exchange. DessangeInternational founder Jacques Dessange retains 20 percent of the firm,while three members of its management team together hold 15 percent. In2007, Dessange International posted revenues of 55 million euros, or$84.2 million at average exchange for the period.
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?"