Japanese cosmetics giant Shiseido Co. Ltd. said Tuesday it has agreed to sell its Zirh men's skin care brand to a group of investors led by former Zirh president and owner Brian Robinson.
While terms of the deal were not disclosed, industry sources estimated the purchase price could reach between $25 million and $50 million. Sources estimate the Zirh brand does $25 million in retail sales annually worldwide.
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)