From the Editor's Desk

Olsens’ fashion label The Row gets backing from Chanel, billionaire heiress - Fortune (No paywall)

The Wertheimer brothers, via their family office Mousse Partners, and Francoise Bettencourt Meyers’ family vehicle, Tethys Invest, have bought a minority stake in the fashion brand, according to people familiar with the situation, who asked not to be named discussing matters that aren’t public. 

Imaginary Ventures, co-founded by fashion entrepreneur Natalie Massenet, and Saint Dominique Capital, a fund backed by businesswoman Lauren Santo Domingo, are also investing in the label, people familiar with the matter said. The Olsen sisters will remain The Row’s majority shareholders. The transactions value the company at about $1 billion, the people said.

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