PARIS — It looks like Selective Beauty — the French beauty manufacturer and distributor — has selected some new shareholders.
According to sources, a new investor is arriving soon to replace private equity firm 3i, which controls a 45 percent stake in Selective Beauty. Christophe Cervasel and Corrado Brondi, plus other managers, hold a 55 percent share.
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)