The competition to get a piece of promising young retailers and brands in emerging markets is heating up.
Private equity giant Kohlberg Kravis Roberts & Co. said Tuesday it had pumped $30 million into Novo Holdco Ltd. — an 11-door chain courting China’s young urbanites. That’s small change for KKR, which has invested $60 billion in retail since 1981, but a potentially lucrative bet and a sign of the times.
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?"