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July 11, 2007
Valentino Takes Stake In Proenza Schouler
Valentino Fashion Group has taken a 45 percent stake in Proenza Schouler, saying it was excited about the growth potential of the hot, young brand. Valentino paid $3.7 million for a stake in the five-year old company.
Proenza Schouler has already won a number of accolades, including the Council of Fashion Designers of America’s Womenwear Designer of the Year award and the CFDA/Perry Ellis award for emerging talent.
Proenza said that it was excited about the influence Valentino brings to the table in terms of manufacturing, deliveries and distribution.
Posted by Blacks on July 11, 2007 09:38 AM
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