>> As suggested, after more than a year of negotiations, Permira has finalized the sale of its stake in Proenza Schouler to a group of investors that include Theory founder Andrew Rosen and John Howard.

According to a statement from Proenza Schouler, the new partnership is a "recapitalization" of the label and will allow it "to enter a new phase of development.” Valentino Fashion Group (which is owned by Permira and bought the 45 percent stake in Proenza Schouler in 2007 for $3.7 million) will keep a minority share in the new partnership.

“We are thankful to VFG for giving us a start, and allowing us to get where we are today,” Jack McCollough, Lazaro Hernandez, and Proenza Schouler CEO Shirley Cook said in a joint statement. “There’s so much we’d like to accomplish and have found the perfect complement in John and Andrew to help us realize our dreams.”

Rosen and Howard, meanwhile, jointly commented: “When we look at the current state of American fashion, we see the next generation focused in the advanced contemporary space. We believe that the Proenza business is the future of American luxury, and uniquely poised to compete in a global marketplace, which is currently dominated by European designers. In infusing this brand with our resources and experience, we will position this business to achieve its full potential."

This is a personal investment for Rosen, who also hold similar investments in Alice + Olivia, Gryphon, and Rag & Bone.

>> Nicola Formichetti is starting to give Karl Lagerfeld a run for his money in the how-many-projects-can-I-simultaneously-take-on game. Formichetti, who currently acts as Lady Gaga's stylist, Mugler's creative director, and fashion director for both Uniqlo and Vogue Hommes Japan, recently revealed: "I’m launching my own brand next year." Formichetti, who is planning "Nicola's," a pop-up store in Manhattan to coincide with New York Fashion Week (located at 57 Walker Street from Sept. 8–21), promises that the store will showcase "a sneak preview of what’s coming up in the future" for his namesake brand. [Milk Made]

>> Could Lara Stone be headed to the big screen? She's previously named playing a villainous Bond girl as a dream, and now, she tells Vogue UK: "I would love to be in Zoolander 2. I'd be so good at that 'Blue Steel' pose. I think I'd enjoy doing that, it'd be funny. I'd like to try acting if the right part came along, but I'm not actively looking — I'm pretty busy at the moment. I definitely could never go into singing at all ever though, unless it was for a huge joke. I don't even sing in the shower. Actually the other day I was in the shower and I didn't realise my husband was in, and I sang away to myself. I got out and he gave me the most disdainful look."

Before Kate Moss's wedding earlier this month, Stone was nervous about what to wear to the festivities, but now, she gushes: "Kate is such a lovely, fun woman. The wedding was just the most perfect day. She looked beautiful. I loved the dress, she looked gorgeous. She was the most radiant bride. There's a [British] Vogue cover with Kate wearing a crown — she just looks so cute and so charming. She is pretty perfect and incredibly beautiful. She's so striking. If you see her face on a poster in the street you can't ignore it." As for Stone's own marriage, she says: "I like spending time with my husband. Marriage takes work — it doesn't just happen. It's important to spend quality time together, like going on holidays away."

And ever self-deprecating, when queried about which part of her body is her least favorite, Stone replies with a laugh: "Most of it. It depends on the day. Like most women, I have days where I feel like today I'm not leaving the house — you know days where you've got a spot on your nose or when you've just got off a flight, eaten fish and chips and feel really bloated — that one happens a lot to me. You have to accept yourself though, and accept that there will always be something to worry about. It's much easier just to accept things."