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Gen Art's Resurrection

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Crain's reports that Gen Art, the recently-deceased fashion incubator, might get a second lease on life: "Interest has emerged from IMG, United Entertainment Group, Hachette Publications, Thrillist and Gilt Groupe, to name a few. As a partner, the investor would have to pony up somewhere between $250,000 and $500,000, to purchase Gen Art's assets out of the Chapter 7 bankruptcy protection the firm entered in June, one month after shutting down operations." If it returns, Gen Art would finally get a chance to pay back all the young designers who were left high and dry when it suddenly folded. [Crain's; Previously]