In the latest in a continuing series of acquisitions of premium denim companies this year, Crestview Partners has agreed to buy NYDJ Apparel LLC and has reportedly enlisted former VF Corp. chief executive officer Mackey McDonald to serve as the brand’s chairman.
Edwin Lewis, who has served as chairman and ceo of the company since its 2008 acquisition by New York-based private equity firm Falconhead Capital LLC, will reportedly leave the firm upon the close of the deal. Lewis also has a stake in NYDJ that will be sold to Crestview and its partner in the transaction, Maybrook Capital Partners.
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?"