By  on June 5, 2018

LONDON — Peter Jensen is changing gears: The London-based Danish designer has sold his company to South Korea’s Pastel World Co. Ltd., and plans to stay on as a consultant as he takes up a separate career in academia, WWD has learned.

The terms of the deal were not disclosed. Production of the collections will cease temporarily, although existing pieces will continue to be sold online and in stores. Jensen and his business partner Gerard Wilson will continue to work closely with Pastel World.

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