KARL LAGERFELD has sold a minority stake in his eponymous label to PVH

KARL LAGERFELD - has sold a minority stake in his eponymous label to PVH. Lagerfeld opened his brand's biggest European store so far, on London's Regent Street, last month.

"We are excited to have PVH as a shareholder," Pier Paolo Righi, president of Karl Lagerfeld, told WWD. "We have ambitious plans for the business and have embarked on an aggressive growth strategy, opening a new store every three weeks over the last six months. We believe PVH's strong track record in supporting the growth opportunity of global designer lifestyle brands will be a big asset."

The deal means that the brand, which has previously focused on growth in Europe and Asia, will now expand into North America, where PVH (formerly known as Phillips-Van Heusen) will control the franchise.

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Miu Miu's Biker Bag

This quilted nappa leather bag from Miu Miu plays with zips and color contrasts in homage to Easy Rider and top-of-the-range Italian leathercraft. With silver screen support from the likes of Marlon Brando and Peter Fonda in Easy Rider, Olivia Newton John seducing John Travolta in Grease, and even Brigitte Bardot on her Harley Davidson, the leather biker jacket has become one of those iconic wardrobe pieces that gives the wearer instant charisma. An indisputable classic, it is synonymous with the spirit of rebellion, and has been given a makeover this season by Miu Miu, who have used it as inspiration for a Biker Bag.

Source:Vogue