Capsule

NEWS: J. LINDEBERG IS SOLD

July 09, 2007 BY CAPSULESNEWS

00120m.jpgAs reported in today's DNR, "J. Lindeberg AB has been sold to Swedish private equity fund Proventus and Swedish financier Stefan Engström for an undisclosed amount, the company announced July 4. The deal brings about a major restructuring of the company and an end to a contentious period that bottomed out with founder and creative director Johan Lindeberg stepping out of his post for several weeks. He returned in time to fine-tune the spring collection before last month’s runway show in Milan, with a new title of independent creative director."