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.]