While Sycamore Partners prepares to close on its $2.2 billion transaction to acquire The Jones Group in the second quarter, the first deal representing a sell-off of assets could be Rachel Roy.
As reported last month, brand-management firm Bluestar Alliance has been eyeing the acquisition of the Rachel Roy brand, which is still under the Jones umbrella. Sources said those talks, which were ongoing before Jones inked its deal with the private equity firm, are nearing completion. Part of the delay was due to other entities wanting to take a look at the brand, sources said. Those sources also said Bluestar has financing in place to complete the deal.
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?"