UNITED KINGDOM (Bloomberg) — The founder of Aspinal of London Ltd., the U.K. luxury handbag and accessory maker, is considering selling a minority stake to fund future growth, two people with knowledge of the matter said.
Chairman Iain Burton, who created the company in 2001, has held talks with private-equity firms over selling about 30 percent in a transaction that could value the company at as much as 150 million pounds ($253 million), said the people, who asked not to be identified because the talks are private.
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)