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Proenza Schouler buys company back

In a major shakeup, Proenza Schouler founders Jack McCollough and Lazaro Hernandez have bought their company back from Castanea Partners with the help of an unidentified group of investors. Buying back their company also means that CEO Judd Crane and CFO John Paolicelli are out, and Kay Hong, known for turning companies around, will be taking...

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