PARIS — De Grisogono founder Fawaz Gruosi has relinquished his majority stake in the Swiss fine watch and jewelry firm to outside investors in a bid to fuel expansion.
Gruosi revealed Wednesday that he’d sold an undisclosed stake in the company to several European and African private equity funds that have a portfolio of long-term international holdings, including the mining of precious stones. Terms of the deal, including the identity of the buyers, were not disclosed.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"