The natural progression for any ambitious fashion brand is to receive an investment from a private equity firm and then expand into new categories.
Bailey44, a Los Angeles-based contemporary company founded in 2006, is proof. After joining Norwest Venture Partners’ portfolio of investments last year as its only fashion property, Bailey44 is readying to ship 15 styles of fashion knits for the fall season.
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?"