Skip Nav
Anna Wintour
The 2017 Met Gala Theme Means 1 Thing: Ginormous Dresses on the Red Carpet
Amal Clooney
Amal Clooney's Just Wearing a Standard Sundress, Until You Notice the Brilliant Twist
Street Style
You've Seen These Earrings Before — Because They're Going Viral on Instagram

Andrew Rosen Invests $10 to $20 Million in Proenza Schouler

Andrew Rosen, Partners Reportedly Invested $10 to $20 Million in Proenza Schouler

>> Theory founder Andrew Rosen led a group of 20 investors in a deal that was finalized Friday, giving them ownership of a stake in Proenza Schouler. WWD reports that the group invested between $10 and $20 million in exchange for a minority stake equal to that held by Proenza Schouler's management. By comparison, Permira bought a 45 percent stake in the label — which it no longer holds — in 2007, for $3.7 million.

Apparently little of the new cash will be going straight to Jack McCollough and Lazaro Hernandez; they are said to have passed up opportunities for a bigger payday in order to maintain more control over the label.

So where is the money going? It's speculated that before the designers venture into new tiers — like, say, a diffusion line — they'll focus more on accessories, retail, e-commerce, and potentially denim (they have collaborated with J Brand in the past). Earlier this year, Proenza Schouler CEO Shirley Cook also suggested that they've been considering a fragrance launch.

Image Source: Getty
Around The Web
Join The Conversation
Michelle Obama's Floral Dress in Morocco June 2016
Proenza Schouler Fall 2016 Collection
Lupita Nyong'o's Dress at the Star Wars European Premiere
Kim Kardashian Pregnancy Style
Proenza Schouler Launches PS Pins Personalized Bags
Kate Beckinsale Wearing a Black Cutout Dress
Kate Middleton Wearing Gray Peplum Dress

POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.

From Our Partners
Latest Fashion
All the Latest From Ryan Reynolds