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."
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)