MILAN — Harmont & Blaine SpA has entered into exclusive negotiations with Italian private equity firm Clessidra SGR, selecting it as a potential partner to help support and accelerate its retail expansion around the world with the aim of going for an initial public offering in the first half of 2017.
Harmont & Blaine’s strategy mirrors that of Versace, which in February sold a 20 percent stake to Blackstone Group with the goal to fully develop the brand around the world and publicly list the Milan-based firm in three to five years. Last week, Peuterey Group said it was seeking a partner for international growth.
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)