Whoever said “where there’s smoke, there’s fire” knew nothing of the private equity market.
LVMH Moët Hennessy Louis Vuitton–backed investment vehicle L Capital Management, which specializes in midmarket fashion and lifestyle brands, is a case in point. Barely a week goes by without the firm being linked in the press or by rumor mills to this or that company.
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?"