PARIS — Continuing the piecemeal disposal of its retail assets, PPR said Thursday it is in exclusive negotiations to sell the children and family divisions of cataloguer Redcats to Alpha Private Equity Fund 6.
PPR said the talks peg the enterprise value of the Cyrillus and Vertbaudet businesses at 119 million euros, or $157.5 million at current exchange. Vertbaudet is a children’s brand that markets apparel and nursery items, while Cyrillus makes clothes and household linens for the whole family.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"