Is Alexander Wang taking on an investor?
The rumours continue to swirl around Alexander Wang. According to the American press, notably Women's Wear Daily, the young American designer, who just recently left his position as Creative Director since December 2012 at French fashion house Balenciaga, is reportedly in negotiations with NY-based equity firm General Atlantic.
The firm, led by William Ford, already includes a number of brands in its portfolio, including Tory Burch, and has investitures in several companies, such as Airbnb, Too Faced, Uber and Alibaba.
For his part, Alexander Wang doesn't hide his plans to accelerate the development of his women's ready-to-wear brand, which he will now be able to give his full attention to.
Founded ten years ago, his label, according to market estimates, generates around 100 million dollars in revenue. It is sold in more than 50 countries through some 20 directly-owned retail points, including several corners and an e-commerce site, as well as at some 700 multibrands.
Alexander Wang opened his first European flagship, at the heart of London, just last week. A store that could serve as a bridge for the brand to accelerate its expansion...
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