LONDON — Frédéric de Narp, Harry Winston’s president and chief executive officer, has denied reports that the company is seeking to sell its watch and jewelry business.
“I have been at Harry Winston for almost three years and, honestly, we are approached every month with offers from banks looking to buy the business,” de Narp told WWD. “We’re not selling, it’s all speculation.”
As reported, Harry Winston Diamond Corp. is said to be seeking $1 billion for its watch and jewelry business, or the equivalent of 30 times earnings before interest, taxes, depreciation and amortization. LVMH Moët Hennessy Louis Vuitton and PPR declined to comment on reports they had been approached.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)