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.
The Belgian company bought the stake from startup investment firm Jaina Capital.
Monnier Frères is present in more than 25 countries and offers high-end accessories from some 60 brands, including Chloé, Marc Jacobs, Valentino, Alexander Wang, Tory Burch and Phillip Lim.
Peter Kim's Los Angeles-based premium denim line has always had its finger on the pulse of youth. This season, novelty is back in a way reminiscent of early Aughts, with studs, lace-ups, racing waxed denim and more. For more highlights if some of the key brands at the Vegas trade shows, go to WWD.com. #wwdfashion (📷: Patrick Gray; Styles by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)