NexCen Brands Inc. has tightened its grip on the Bill Blass business it’s trying to sell with the acquisition of Bill Blass Couture, the firm responsible for the ready-to-wear collections presented under the late designer’s name.
NexCen acquired the business from Michael Groveman and Carly Andrews Inc. for $425,000 in net liabilities. It agreed to forgive the acquired firm’s obligation to repay about $950,000 lent during the first quarter of this year to support marketing expenses and released Groveman from a three-year non-compete provision dating to NexCen’s acquisition of the Blass brand in February 2007.
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?"