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.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"