MILAN — The share price of Italy’s Safilo Group SpA spiked more than 20 percent on the Milan Bourse Tuesday after the controlling investor in North American eyewear manufacturer FGX International Holdings Ltd. returned with a new merger proposal.
Nicolas Berggruen, the billionaire owner of Berggruen Holdings, which controls FGX International, said in an interview with an Italian newspaper that he wanted to meet Safilo’s majority shareholder, management and banks to present a plan after a previous offer was rejected.
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)