VERNON, United States — True Religion Apparel has agreed to a buyout offer of about $826 million from the investment management firm TowerBrook Capital Partners LP.
BoF has learned that Alexander Fury will become fashion editor of The Independent, leaving his position at Love after a year at the publication.
MILAN, Italy — Brunello Cucinelli, the 59-year-old founder of the luxury fashion house that bears his name, has become a billionaire. Knitwear brand Brunello Cucinelli SpA has more than doubled in value since its initial public offering in Milan last April, giving Cucinelli a net worth of at least $1 billion, according to the Bloomberg Billionaires Index. He has never appeared on an international wealth ranking.
Ottavio Missoni, founder of the Italian luxury fashion house that carries his name, died this morning at the age of 92.
NEW YORK, United States — Parsons The New School of Design in New York City has canceled a four-day workshop by the controversial fashion designer John Galliano.