PARIS — Mounir Moufarrige, president of luxury watch firm U-Boat, has taken a minority stake in the fine jewelry line of Franco-Lebanese designer Christina Debs, with a view to growing it internationally.
Moufarrige, a luxury executive famous for reviving Montblanc and hiring Stella McCartney at Chloé, said he had been looking to get into the jewelry segment for some time. Financial terms were not disclosed.
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)