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Thom Browne, the designer best known for making expensive, narrowly tailored suits that have been both enormously influential and endlessly mocked, has sold the majority stake of his business to the Cross Company, the Japanese apparel company he began a relationship with in August. The deal, announced Thursday, lets Mr. Browne maintain creative control of his collection. It will also take some financial pressure off the designer, whose business had been the subject of numerous reports of troubles over the last year.
“It took a while for me to find somebody who understood what I really was about as a designer, and not just the suit but they lifestyle of the guy wearing the suit,” Mr. Browne said. “A lot of people forget we are business people, too.”