NEW YORK — Bernard Chaus Inc. has acquired S.L. Danielle, marketers of private label and branded women’s apparel, from Robert Flug, chief executive. Terms of the transaction weren’t disclosed.
Nicholas DiPaolo, vice chairman and chief operating officer of Chaus, said that Danielle offered Chaus numerous diversification opportunities in addition to an initial presence in the moderate market. "Their price points are more than 30 percent below ours, and they are overwhelmingly private label in orientation," he said. "The combination of their strong distribution and sourcing and our design resources and scope should be very beneficial to both."
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?"