Vandevelde walks off with part of Prada

Change Capital Partners, a private equity firm headed by former Marks & Spencer chairman Luc Vandevelde, is buying Jil Sander, a German fashion brand, from Italian luxury goods and clothes designer, Prada.

Details of the price were not disclosed.

WSJ Logo
110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink