PARIS — Printemps Holding France SAS and French media holding company TF1 Group said they have entered into exclusive negotiations for Printemps to acquire an 80 percent stake in fashion e-commerce site Place des Tendances.
Printemps also plans to buy the remaining 20 percent held by founders Christine Feuchot and Bertrand Rochebillard, who will remain at the company. Launched in 2008, Place des Tendances offers collections by more than 200 brands and is held by TF1 via its Téléshopping subsidiary.
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?"