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Article: BACKING THE BOYS: VALENTINO GROUP TAKES STAKE IN PROENZA SCHOULER.(Valentino S.p.A.)
- Article from:
- WWD
- Article date:
- July 11, 2007
- Author:
CopyrightCOPYRIGHT 2007 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Miles Socha, Marc Karimzadeh
Already a mouthful in English, Proenza Schouler should now be pronounced with an Italian accent.
Having just wrapped up momentous festivities in Rome for the 45th anniversary of its flagship brand, Valentino Fashion Group SpA has taken a 45 percent stake in the fashion label by Jack McCollough and Lazaro Hernandez, WWD has learned.
Stefano Sassi, Valentino Fashion Group's chief executive officer, will become chairman of Proenza Schouler, and Shirley Cook will continue to serve as the label's ceo.
"We're happy we now have a security net for our company, which we never had before," Hernandez said in ...