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Fashion’s First Deal of 2020? Opening Ceremony Reportedly Acquired by New Guards Group

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New Guards Group has acquired Opening Ceremony for an undisclosed amount. Farfetch Ltd.-owned New Guards plans to take over production of Opening Ceremony’s in-house line. While terms of the transaction were not disclosed, Opening Ceremony founders Humberto Leon and Carol Lim are expected to remain as co-creative directors. Opening Ceremony acts as a brand, retailer…

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