The appointment follows a transaction in March that saw Milan-based private equity firm Clessidra SGR acquire a 70 percent stake in Buccellati Group for 80 million euros, or $102.6 million at the exchange rate at that time. The deal was signed between Clessidra and the Buccellati family, who retain a minority stake, along with Italian merchant bank Simest SpA.
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)