Plus, BlackRock makes investment in Authentic Brands Group.
Author:Dara PrantUpdated:Aug 12, 2019Original:Aug 12, 2019These are the stories making headlines in fashion on Monday.The CFDA is getting backlash over jeweler Kara Ross's seat on its board, after it became public knowledge that she helped plan her husband Stephen Ross's Hamptons fundraiser for President Donald Trump's reelection campaign.
With this investment, BlackRock is now the largest shareholder in the company, which manages brands including Sports Illustrated, Marilyn Monroe and Juicy Couture. {Fashionista inbox} Private equity investors continue to prioritize luxury fashion, despite the mixed success of such investments.
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BlackRock now has the biggest slice of Sports Illustrated owner Authentic BrandsBlackRock bought a roughly 30% stake in Authentic Brands Group, parent company of Sports Illustrated, for $875 million.
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