Lauren Sherman
The News in Brief

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 New York-based designer, whose business was acquired by Zegna in 2018, replaces Tom Ford, who finished his three-year term at the Council of Fashion Designers of America (CFDA) in May.

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.

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