PARIS — After protracted and politically sensitive talks to offload La Redoute, Kering announced on Wednesday it had entered exclusive negotiations with two of its senior managers who have presented a takeover plan for the struggling catalog retailer, plus delivery network Relais Colis.
Nathalie Balla, chairman and chief executive officer of La Redoute, and Eric Courteille, chief administrative officer of mail-order division Redcats, were the latest bidders to emerge in the process, which practically completes Kering’s transition out of retail into fashion and accessories in the luxury and sport-lifestyle segments.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"