By  on August 30, 2010

Precarious as the economy is, Gilles Mendel has proven there is money to be had — his designer label, J.Mendel, has lined up a significant investment by The Gores Group.

J.Mendel executives declined to disclose whether the Los Angeles-based equity firm has taken a majority stake in the company or any other terms of the deal. J.Mendel, which has four freestanding stores and permanent retail space in four other key outposts such as Harrods, is believed to be a $30 million wholesale and retail operation.

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