NYPOST reports:
"Private-equity firm OpenGate Capital is getting into the fashion business.
The firm's new investment vehicle, One Worldwide, announced that it has acquired majority control of Models 1, the largest modeling and talent agency in Europe.
Terms of the deal were not disclosed.
Models 1 is already over-the-hill by industry standards, having first opened its doors 40 years ago. But its roster of clients, which includes such icons as Linda Evangelista, Twiggy, Agyness Deyn and Amber Valetta, is legendary. The agency has done work for such fashion-industry luminaries as Prada, Giorgio Armani and Gucci."
More on the story can be found here.
Monday, December 15, 2008
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