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Velvet by Graham and Spencer will launch a collaboration with model Kirsty Hume (pictured, left) this summer. The company has collaborated in the past with model Lily Aldridge (pictured, right).

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Velvet Acquired by $1.8 Billion Japanese Company


Los Angeles–based Velvet LLC, owner of the Velvet by Graham and Spencer label, has been acquired by Adastria Co. Ltd., a $1.8 billion Japanese apparel company.

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