LONDON - Shareholders of Compagnie Financiere Richemont SA gave the green light to a proposed de-merger of the firm’s luxury goods business from its tobacco and other interests.
As a result, the first phase of Richemont’s re-structuring will begin on Monday, October 20. Richemont, parent of brands including Cartier, Dunhill and Chloe, will continue to be listed on the Swiss stock exchange.
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)