The New York-based brand development and licensing company has acquired the brands from Schottenstein Luxury Group for an undisclosed sum. Under the terms of the deal, Schottenstein will retain a minority interest in the brands, according to James Salter, chairman and chief executive officer of Authentic Brands.
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)