Skip Nav
DIY
You Only Need 2 Items to Make These 20 Halloween Costumes
Street Style
100 Easy Outfits to Try When You Have Zero Clue What to Wear
Personal Essay
One Editor's Lifelong Love/Hate Relationship With Fashion

Oscar de la Renta Sells Minority Stake to Foot Bill for Footwear, Handbag, and Fragrance Expansion

>> Oscar de la Renta quietly sold a stake — said to be around 20 percent — to GF Capital Management & Advisors (whose portfolio also includes Jonathan Adler) for an undisclosed amount last Summer. The company's decision to bring beauty and fragrance back in-house, as well as open more stores and introduce new categories, was the impetus for seeking outside investment.

“We believe that now is the time to bring new products to the market in a responsible way and to broaden our presence in geographical areas where we are underrepresented," de la Renta CEO Alex Bolen said. "We are very bullish about our business and the luxury business in general in the near term.”

The company plans to introduce two women's fragrances this year, and an in-house handbag team is in the process of being formed, Bolen says, “with people who know almost as much about making handbags as Oscar knows about making clothes.” Last October, two accessories editors were hired as part of the company's plan to turn its footwear business into a $50 million entity within the next three to four years.

Zoe Kravitz Oscar de le Renta Met Gala Dress 2017
Amal Clooney's Spring Heels March 2017
Amal Alamuddin Wedding Dress
Kate Middleton Dolce and Gabanna Dress at Wimbledon 2017
From Our Partners
Latest Fashion
All the Latest From Ryan Reynolds