The contemporary retailer, which was sold by Gap to private equity firm Altamont Capital Partners in 2021, has signed a deal to be acquired by another private equity firm, Regent, after failing to pay vendors for fall orders.
The rapper formerly known as Kanye West dominated conversation around Paris Fashion Week for a second day, unleashing a torrent of Instagram posts and stories at critics and industry figures following his show on Monday night.
Best known for her work with Telfar Clemens, Tracee Ellis Ross and Serena Williams — whose hair she styled for the September issue of American Vogue — Latisha Chong died of breast cancer in July at age 32, according to a report in the New York Times.
PR and marketing agency BerlinRosen recently invested in the New York-based agency, founded in 2013 and known for playing a strategic role in launching and marketing several leading brands in the direct-to-consumer space over the past decade.
Parent company Gap Inc. has partnered with Reliance — the country’s largest retailer, with $26 billion a year in annual sales — to open Gap stores and also distribute the label online as well as in other multi-brand retailers.