Is there a difference between European and American luxury? And if so, does it have to do with aesthetics, or markets? I’ve been pondering this ever since the news broke that, after a year of rumours, Andrew Rosen, the great NY garmento who founded Theory and re-invented Helmut Lang, and John Howard of Irving Place Capitol (a fashion-focused private equity fund) finally bought Permira’s stake in US brand Proenza Schouler.
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