The storied Italian firm’s majority shareholder, Edizione Srl, is mulling a delisting of the company’s shares. Benetton shares were suspended on the Milan Stock Exchange on Tuesday after they rose 9.3 percent to 4.05 euros, or $5.32 at current exchange, in midday trading. Benetton, which went public in 1986, denied speculation that its shares had gained following rumors of a merger with Spain’s giant Inditex Group, owner of the Zara brand.
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)