MILAN — IT Holding SpA will hold a board meeting today to discuss expressions of interest from “various parties” as it continues to seek a solution to its beleaguered financial situation.
The Italian fashion group stated Monday that it was still in talks with Chinese businessman Billy Ngok’s Mensun Ltd., but no longer on an exclusive basis, and that “contacts with other investors” had started. (Mensun’s exclusive terms expired Dec. 31.)
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)