MILAN — Perfume Holdings, a subsidiary of Milan-based investment group Investindustrial, has acquired 72 percent of Selective Beauty, the French manufacturing and distribution company, for an undisclosed sum.
The news follows a WWD report on April 3 that a new investor was set to take a stake in Selective Beauty to replace English private equity firm 3i.
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)