MILAN — Italy’s Binda Group is merging with America’s Geneva Watch Group to create a $650 million-plus timepiece and jewelry firm with ambitions of becoming a key player in the global watch and accessories market.
Binda Group said Thursday it had acquired 100 percent of Kenneth Cole licensee Advance Watch Group Ltd. — known commercially as Geneva Watch Group — from U.S. private equity fund Heritage Partners for an undisclosed sum.
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)