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Proenza Schouler

Proenza Schouler gets new backing

US high-fashion label Proenza Schouler has new investors, according to reports the label’s designers Jack McCollough and Lazaro Hernandez have teamed linked with 20 backers -  led by Andrew Rosen, chief executive officer of US contemporary brand Theory, and US financier John Howard - to fuel expansion, cutting ties with the Valentino Fashion Group (VFG), which has owned the brand since 2007.