Friday, April 23, 2004

Sean John, designer Posen teaming up

Sean John, founded by rap mogul Sean "P. Diddy" Combs, has formed a joint venture with Zac Posen, considered one of fashion's brightest new stars.

Sean John is making a long-term investment in the growth of the Zac Posen label and the two companies will be equal partners, according to a statement. The deal allows Posen to remain creatively autonomous.

Posen is known best for his dresses - and his ability to draw celebrities such as Claire Danes and President Bush's daughter, Barbara, to his runway shows.

"Zac Posen is a true design talent that I respect and admire," said Combs, who serves as Sean John's chief executive officer. "He's got what it takes. And Sean John is going to give his company the opportunity to grow because we believe in him."

Posen plans to continue expansion of his ready-to-wear collection, which debuted in 2001, while developing an accessories business.

Sean John has annual retail sales in the United States of more than $450 million. The company plans to open its flagship store on Manhattan's Fifth Avenue later this year.

Shopping at the show
Today's highlights
Delhi garners top flower show award

Saint-Saens transforms Music Hall
Stewart croons with ease

Be sure summer camp fits the child
On the fridge: What's going on around the home
Lawyer switches from court to class
'American Idol' has lessons for kids

Playhouse wins grant to tour Bard in schools

Family 'shocked' by CBS' photos of Diana
Sean John, designer Posen teaming up
Portman seeks Africa donations
Turner buys coal mine property

TV Best Bets
Get to it: A guide to help make your day