MILAN — Another Italian group is mulling an initial public offering.
Discussing the opening of the new Coin Excelsior concept store in Rome on Wednesday, chief executive officer Stefano Beraldo said parent company Gruppo Coin, controlled by private equity fund BC Partners, is “evaluating” the possibility of spinning off the group’s OVS and Upim chains for a public listing. BC Partners took control of the group, which also includes the upscale Excelsior banner, in 2011, delisting it in the second half of that year.
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)