fashion + beauty + insider interviews + est 2006

Thursday, July 12, 2007

VALENTINO INVESTS IN PROEZA SHOULER

jack and lazaro have lots more to smile about. (fashionweekdaily.com)

lucky boys. jack mccollough and lazaro hernandez, the designers behind proenza schouler, have a brand new investor: none other than the man in red - valentino himself. media sources reported this week that the valentino fashion group, which already owns a stake in brands like hugo boss, m missoni and marlboro classics, spent 3.7 million dollars for a 45% ownership in the fledgling brand. it's a small prize to pay for what is fast becoming one of fashions legendary brands. in the five years since they debuted, the design duo has already launched a collaboration line with target, is sold in over eighty stores, and won cfda designer of the year award this year (in a tie with oscar de larenta.)

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