A SALE, IN THEORY: Stretch sportswear line Theory, which has grown into a department store staple since being founded by Andrew Rosen and Elie Tahari in 1997, is expected to be sold today to Link International, the brand’s licensee in Japan, as well as several other parties, WWD has learned. Speculation about a potential sale had made the rounds in the market, though the company had declined to comment. A source close to the situation said at least one of the parties is publicly traded, which is why the company has been so tight-lipped about the negotiations. An announcement is expected to be released today.

SHOPPING IN ITALY: It looks like LVMH has gone to Italy to fill its latest designer vacancy. Sources said the French group has zeroed in on Antonio Marras as artistic director for Kenzo. Neither Marras nor Kenzo officials could be reached for comment, but sources said an announcement is expected shortly. Marras designs and shows a collection under his own name in Milan. He also has designed the Trend Les Copains line.

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