MILAN — Japanese-Chinese investment banking business Sequedge has taken an initial 17 percent share in Costume National, owned by brothers Ennio and Carlo Capasa, and has the option to increase its stake to 33 percent by the end of 2011. Financial terms were not disclosed.
The partnership allows Costume National to develop the brand globally, with a focus on China, the Far East and Japan. In September, a Costume National flagship will open in Hong Kong, followed by a venue comprising an art gallery in Tokyo’s Aoyama district in January in a building co-designed by creative director Ennio Capasa. With the new partner, the Capasas will set up Costume National USA to directly manage their business in that market.
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?"