In the face of tight credit, a cautious consumer and an economy that is still clawing its way back from recession, headline-making investments have been hard to come by — until recently.
With piles of cash stored up, private equity firms are furiously jumping back in the game, and they are flocking to invest in full-fledged accessories brands or fashion companies with sizable accessories businesses. Indeed, 2011 and 2012 have seen a flurry of mergers and acquisition activity in the sector, starting with a slew of initial public offerings.
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?"