Pola Orbis, the fourth largest Japanese cosmetics firm, has announced its intent to acquire H20 Plus LLC, the Chicago-based, privately held skin care manufacturer with estimated retail sales of more than $100 million last year. The sale, if approved, would mark Pola Orbis’ first acquisition since its inception in 1929. H20 Plus is majority-owned by investment companies Cordova, Smart & Williams LLC and New MainStream Capital LLC, as well as Robert Seidl, the firm’s president and chief executive officer, and other members of senior management.
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?"