Word finally came before the weekend that private equity firm 3i is set to acquire the company for £60m (that’s about $124.3 million U.S.). Both will keep minority stakes in AP, although Joe will remain on as creative director, while Serena has left.
The two were awarded MBEs this summer for their contribution to the fashion industry. Joe seemingly took a page out of his parents’ playbook (that would be rebels Vivienne Westwood and Malcolm Maclaren) and refused his title on the basis that he found then Prime Minister Tony Blair "morally corrupt.” The press lapped that one up.
No doubt this isn’t the last the media will hear from Serena either. With her mad style, distinct vision and relentless work ethic, this is just a matter of changing courses.
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