TAKE A PEEK: Fendi and Vogue Italia are pitching in to support the next generation of talent behind the camera lens. The two are cosponsoring the Milan installment of “Peek: The Art+Commerce New York Festival of 24 Emerging Photographers.” The exhibit, which has already made stops in New York and Tokyo, opens at Fendi’s Via Sciesa space May 10 and runs through May 24. A jury of photographers, editors, book publishers and gallery owners, including Steven Meisel and Jack Pierson, and Elisabeth Biondi — visual editor of The New Yorker — pored over more than 1,000 portfolio submissions to select 24 photographers for the installation. The images range from portraits to still lifes and landscapes. Sung Jin Park’s shots of alienated teens and Amber Shields’ candid shots of high school parades are a few highlights of the exhibit, which will travel on to Stockholm.

LINKS OF LONDON SEEKS BUYER: Links of London, the privately owned British jewelry retailer famous for its cuff links, charm bracelets and high-end jewelry, is on the block. Founders and majority owners John Ayton and Annoushka Ducas have hired UBS Wealth Management to find a buyer, the company has confirmed. The asking price is approximately 50 million pounds, or $92 million, according to financial sources here. The couple, who are married, own two-thirds of the business; the rest is owned by other individuals. Sales are approximately 23 million pounds, or $42 million. The time is certainly ripe for luxury businesses in Britain to sell if owners want to cash out — or simply expand into new markets. Private equity firms, flush with cash, are increasingly looking to the luxury sector for new investments as the market becomes more competitive. As reported earlier this week, London luxury jeweler Theo Fennell is looking to sell all or part of his company in a bid to expand into new markets and satisfy customers around the world.

This story first appeared in the May 3, 2006 issue of WWD. Subscribe Today.