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BUSINESS OF FASHION: LVMH in talks to acquire stake in Proenza Schouler
Rumors abound as LVMH Moët Hennessy Louis Vuitton expressed interest in acquiring a stake in the New-York based fashion house, Proenza Schouler. Talk has involved a 40% stake of Proenza Schouler that both Andrew Rosen and John Howard, along with other investors, jointly acquired from Valentino Fashion Group back in 2011. Amidst the magnitude that...