Francesco Risso will become creative director of the label.
The designer will present his fall 2017 men’s collection on Feb. 1.
The family-owned company specialized in better knit tops.
Coach and Ralph Lauren each pledge $2 million, while the Samuel I. Newhouse Foundation, Hearst, Time Warner, Limited Brands and Gap will donate $1 million each.
An exclusive look at the glam, glitz and show-biz drama that will be unveiled Wednesday at the 69th Regiment Armory.
Connecting the two groups is the aim of Elsa Berry, who has founded an investment bank with a decidedly global point of view.
She will be succeeded by Winnie Lerner, president of The Abernathy MacGregor Group, which provides counsel to companies across a range of industries.
The designer created the capsule collection after gaining access to lead singer David Byrne’s Talking Heads archive in New York.
French actor and model Gaspard Ulliel, the face of Chanel’s male fragrance Blue, will star in the biopic to be directed by Bertrand Bonello.