A transaction could be completed by the end of this week.
Billionaire entrepreneur Adrian Cheng has taken a “significant” stake in Moda Operandi through his K11 and C Ventures investment vehicles.
This is Eurazeo Brands’ first deal under ceo Jill Granoff.
The Corner and Shoescribe, which were discontinued by Yoox in 2015, will be relaunched next year.
The French department store is exploring options for roughly half of its 57 stores in France, according to a source.
The brand founded by Roberta Freymann was sold to an unidentified group of private investors.
The Swiss company has inked a partnership agreement with Damian Ltd., of Hong Kong.