Firm client Helmut Lang noted for companies' acquisition by Prada Holding NV, <i>The Daily Deal</i>,

Firm client Helmut Lang noted for companies' acquisition by Prada Holding NV, The Daily Deal, "New & Noteworthy"

The October 5th Daily Deal, in its "New & Noteworthy" column, notes that "Italian fashion house and luxury goods group Prada Holding NV said...that it has agreed to acquire the 49% it doesn't already own of New York-based designer label Helmut Lang Group. A price for the acquisition was not disclosed, but Helmut Lang posted 2003 sales of Ç27.7 million ($34 million). Austria-born Helmut Lang will remain on as creative director of the label that bears his name. Prada acquired 51% of the label in August 1999." [Working on the transaction are partners Arthur Fleischer, Jr. and Lois Herzeca.]

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