NEW YORK — The Judith Leiber division of the Schottenstein Luxury Group has found a possible buyer in Harry Adjmi after two years on the market, sources said.
Adjmi is in discussions to purchase the brand, according to market sources, although terms of the deal have not been finalized. It was unclear at press time how the Adjmi purchase will be structured, although sources believe it will be a separate firm similar to his acquisition of Jane Cosmetics from the Estée Lauder Cos. Inc. in February 2004 via Jane & Co. Adjmi is the chairman and president of One Step Up, an apparel manufacturer for women’s and kids.
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?"