It’s a two-horse race for Juicy Couture, with Authentic Brands Group in a bidding war with IDG Capital Partners for the brand, according to sources.
Financial sources said E. Land Group, the South Korean conglomerate that recently acquired K-Swiss and is in a joint venture with Kate Spade in China, remains “interested” in the process, although it has not made an offer for Juicy and is not expected to. That means E. Land is hoping to either join forces with one of the bidders or work on a licensing deal with the ultimate buyer.
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?"