Wednesday, July 11, 2007

Valentino invests in Proenza Schouler

WGSN reports today that Valentino Fashion Group has bought a 45% stake, via a capital increase of $3.7m, in women's fashion label Proenza Schouler in a move designed to support its international expansion. They plan to work with existing management, and reconfirmed Shirley Cook as Proenza Schouler chief executive.