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Chalayan Retakes the Reins

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Hussein Chalayan just bought back the majority stake in his own company from Puma. WWD reports that he bought the stake back less than two years after he sold it in February 2008 because he wanted to "manage his business more independently from Puma." Considering all the news about designers losing their labels lately, it makes sense that Chalayan would want to take back control of the one he started. And he'll still be the head of Puma's creative division. [WWD, subscription required]