Got A Tip?

Star Seeker

Biz & Money

Proenza Schouler Might Be Selling 45% Stake In Its Company

Proenza Schouler Might Be Selling 45% Stake In Its Company

proenza-selling-stock.jpg

For several months now, reports have been that Andrew Rosen, the founder of Theory, was buying 45% stock in Proenza Schouler, along with a few other investors.

But new reports now say the deal could happen as early as the end of this week.

The remaining 65% of the brand would stay with designers and founders of Proenza, Jack McCollough and Lazaro Hernandez (pictured above).

The new deal could mean a new line of goodies for Proenza, like perhaps jeans or eyewear.

We’ll just have to wait and see what happens.

[Image via Flashpoint/WENN.]

CLICK HERE TO COMMENT
Jul 28, 2011 16:00pm PDT