LOS ANGELES — Coming soon to a department store near you: American Rag CIE clothing.
That’s the premise behind Tarrant Apparel Group’s agreement with the retailer announced Tuesday. Private label casualwear producer Tarrant is the new co-owner of American Rag CIE II, which owns the rights to the company trademark and the retail operations. Tarrant will retain 50 percent of the firm’s voting rights and slightly less of its equity. Financial terms weren’t disclosed.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"