Beth Sobol Sells Stake in Miami Fashion Week
Today, the board of directors of MFW Events Inc., the holding company of Miami Fashion Week, announced that Beth Sobol, Founder of Miami Fashion Week and Shareholder Aaron Perry are selling their remaining stake in the company. Celebrating its 17th year, Miami Fashion Week has become one of the world’s premier international fashion events, showcasing designers from across the globe. The partners will soon announce several exciting elements of their new strategy for Miami Fashion Week moving forward.
Sobol started her career as an international fashion model working in more than 40 countries before launching the first Miami Fashion Week in 1999. “I am extremely happy to pass the continued development and production reins on to our partners and am very proud that I will forever be known as the Founder of Miami Fashion Week, the platform that gave hundreds of international emerging designers their launch into the American market,” says Beth Sobol.
Beth will now devote her talents and passion to further developing the Council of International Fashion Designers and the CIFD Foundation non-profit organizations to continue educating, mentoring and supporting the world’s best students and emerging designers in the creative arts. www.cifd.net
Perry, a well known businessman & entrepreneur who became a 50% equity partner in 2010 plans to focus on both his current business ventures as well as other new opportunities.
“On behalf of the MFW Events Board of Directors, we would like to thank both Beth and Aaron for all of their years of great work in building Miami Fashion Week into one of the world’s most influential fashion events,” said Julio Iranzo, president of MFW Events, Inc.