LONDON — Nicole Farhi’s new owners have big plans for the British brand, including internationally.
On Monday, OpenGate Capital, a Los Angeles-based private equity firm, said it had acquired the company — including its inventory, retail locations and intellectual property — for 5 million pounds, or $7.5 million at current exchange rates, from French Connection Group Plc. News of the deal was first reported on WWD.com on Sunday.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"