NEW YORK — Despite turmoil in the credit and stock markets, private equity deals continue to flourish in the fashion world and the latest involves Betsey Johnson. The quirky contemporary sportswear and dress designer has sold a controlling interest in her company to Castanea Partners, a private equity firm based in Boston.
"It gives us really great growth opportunities," said Chantal Bacon, chief executive officer of Betsey Johnson. "For the past 30 years, we've really established a brand, and with their help we're going to take it to the next level."
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)