NEW YORK — John Varvatos has found a new home at last, with a parent that expects to substantially grow the label domestically and internationally.
On Thursday, Lion Capital LLC signed a definitive agreement to acquire a majority stake in John Varvatos Enterprises from VF Corp. for an undisclosed sum. Designer John Varvatos, who had a 20 percent stake in the brand under VF, will retain a minority share of the company at London-based Lion Capital as well. Lion’s other investments in the fashion arena include Jimmy Choo, American Apparel and AllSaints Spitalfields.
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?"