MILAN — San Francisco-based JH Partners has only just acquired full control of Italy’s La Perla Group, but the private equity fund is already cutting jobs.
According to sources, JH Partners, which bought the remaining 30 percent stake in La Perla from founding family member and company chairman Alberto Masotti earlier this month, is seeking to lay off around 400 employees at the innerwear label as part of cost-cutting measures.
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?"