PARIS — Selective Beauty has entered into administration in France.
The distribution and manufacturing concern stated it is in recovery proceedings in the commercial court of Bobigny, France, to search for an agreement with its creditors and ensure the long-term strength of the group. The firm said two receivers have been appointment to help its management find the best solution.
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?"