MILAN — The Korean E-Land Group said Friday it has finalized the acquisition of Cadriano, Italy-based accessories brand Mandarina Duck, appointing Christopher Bizzio as chief executive officer.
Bizzio is a former Mandarina Duck executive who previously worked at Salvatore Ferragamo and Trussardi. Financial details were not disclosed, but sources tagged the sale at about 25 million euros, or $35.8 million at current exchange.
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)