Proenza Schouler Changes Hands: Andrew Rosen and John Howard Acquire Stake from Permira

Last month, Proenza Schouler‘s Jack McCollough and Lazaro Hernandez set some kind of land-speed fashion achievement record by collecting their second womenswear designer of the year award from the Council of Fashion Designers of America for a label that is less than a decade old. Today the dynamic duo have new bosses in fashion industry veterans Andrew Rosen (Theory) and John Howard (Irving Place Capital), who head up a group of investors that have acquired a non-majority stake in Proenza Schouler from European private equity firm Permira.