Multichannel retailer HSN Inc. has acquired Chasing Fireflies LLC, a direct-to-consumer marketer of premium children’s and baby products, through its Cornerstone Brands operating unit.
Financial terms of the transaction weren’t disclosed. HSN said that the firm had 2011 sales of about $39 million and its addition to the company is expected to add to earnings during the current fiscal year.
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?"