MILAN — The Benetton family is about to spend more than $360 million to get a little more privacy for their namesake fashion brand.
The family confirmed Wednesday that its Edizione Srl holding company will launch a tender offer and delist Italian clothing and textile manufacturer Benetton Group. Edizione controls 67.08 percent of Benetton, and will offer 4.60 euros, or $6.04 at current exchange, a share for the remaining 32.92 percent of the company for a total sum of over 276.6 million euros, or $363.7 million.
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)