By and  on July 29, 2011

NEW YORK — Proenza Schouler is ready to take the next step.

After more than a year of negotiations, designers Jack McCollough andLazaro Hernandez have severed most of their ties with Valentino FashionGroup and teamed with a group of 20 investors led by industry veteranAndrew Rosen and financier John Howard, giving their company a financialboost and additional expertise as it seeks to expand.

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