Helmut Lang (fashion brand) weeks after Prada had sold the Jil Sander label to British equity firm Change Capital Partners (CCP). Already in spring 2005, it had been rumored that Prada was trying to sell the label. Prada Group was said to want to concentrate on its core labels, Prada and Miu Miu, again. The Japanese holding company LTH, developer of the theory fashion label in Japan and the US, re-launched the Helmut Lang collections under the direction of a "suitable" designer for the spring/summer 2007 season (presented in fall 2006), in select boutiques worldwide as a "contemporary brand". The new label is based
Christopher Bailey (fashion designer) December. While in Milan, Bailey met and began dating Geert Cloet, brand designer for Miu Miu. He split his time between his home in Milan and England. When Cloet was diagnosed with brain cancer in 2004, he and Bailey moved to Yorkshire to be near Bailey's family. Cloet died the next year. Bailey has been in a relationship with British actor Simon Woods since 2009. In May 2014 Bailey became the first openly gay executive among FTSE 100 corporations. Bailey is mentoring emerging British creative talent from UK institutions including the Royal College of Art and the University of Huddersfield.