The Wall Street Journal
10 December 2014
In the United States, private equity investors have often been reluctant to invest in luxury brands, which typically depend on a designer’s taste and can be subject to the whims of a fickle public. “For sure, it’s not for the faint of heart,” Bruce Cohen, partner leading the Private Equity and Strategy Practice at Kurt Salmon, explains to The Wall Street Journal. Cohen adds, “There’s an inherent tension between the classic private equity strategy and the way fashion houses work” in the United States.