French eyewear maker Alain Mikli International said Thursday it has acquired French sunglasses manufacturer Vuarnet. Alain Mikli International injected 4 million euros, or $5.7 million at current exchange, into Sporoptic Pouilloux, which holds the license for Vuarnet’s sunglasses. That gave Mikli a 75 percent share of the business. The remaining 25 percent stake is held by Joseph Hatchiguian, Sporoptic Pouilloux’s co-founder and, until now, majority shareholder.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)