MILAN — The Della Valles may be about to add to their fortune.
Marcolin SpA — in which Tod’s chief Diego Della Valle and his brother Andrea hold a 40.6 percent stake — said Monday it is negotiating a potential sale of a majority shareholding to private equity firm Pai Partners. The discussions are in an “advanced, but not yet defined, stage,” the Italian eyewear maker said. The deal could be worth about 300 million euros, or $391 million at current exchange.
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)