MILAN — The largest investor in private equity group Permira Advisers LLP has written down its stake in Valentino Fashion Group by more than half, confirming a report in WWD.
London-based SVG Capital Plc said Thursday the value of its investment had declined 54 percent in 2008 to 78.6 million pounds, or $111.9 million — although this includes a provision following SVG’s decision to cap its commitment to the fund. SVG wrote down its total portfolio by two thirds.
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)