MILAN — Fueled and supported by its new owner, London-based investment firm NEO Capital, Valextra is laying out the next five to 10 years with the end game being an initial public offering.
In the first interview since the sale of his family’s 60 percent stake in Valextra, chairman Emanuele Carminati Molina and new chief executive officer Marco Franchini said NEO Capital succeeded in securing control of the Italian luxury accessories brand because it guaranteed it would protect its exclusivity, quality and Made in Italy craftsmanship. “Valextra must remain a flag for Italy,” said Carminati Molina, crediting NEO Capital founding partner David Belhassen for his vision and understanding of the brand.
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)