BUYING IN: French accessories e-commerce site Monnier Frères has a new majority shareholder: Belgian multichannel retail group Louis Delhaize.
Delhaize has invested 3.5 million euros, or $4.5 million at current exchange, to take a controlling stake in the firm and will inject a further 3.5 million euros to fuel its expansion, especially in the U.S. and Asia, Monnier Frères stated.
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)