LOS ANGELES — Contemporary brand Cynthia Vincent has found a majority investor with Gores Group LLC, the private-equity firm, also based here, that extended its reach into the apparel business with a 2010 investment in J.Mendel.
While terms of the deal were not disclosed, Vincent, who started the Twelfth Street by Cynthia Vincent brand in 2003, said that with Gores’ backing, she plans to double or triple her more than $10 million in annual wholesale volume within two to three years.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)