Working almost exclusively with leather and corduroy to give the collection a sense of “normality,” Prada riffed on simplicity, authenticity and the naïf, favoring the crude and unsophisticated over the polished and urbane.
Emilie Rubinfeld succeeds Francois Kress, who has left the company.
Alibaba, criticized for the fake products on its platforms, said the new group will “use technology in the global fight against counterfeits”.
The combined eyewear powerhouse will have annual sales of more than 15 billion euros.
The two firms still have to execute a merger agreement.
The fund purchased a 70 percent stake in the French shirtmaker from EPI group.
The beauty giant is purchasing CeraVe, AcneFree and Ambi from Valeant.
The deal would cost as much as 19.8 Hong Kong dollars, or $2.6 billion. Intime operates 29 department stores and 17 shopping malls, mainly in first- and second-tier cities in China.
Investment bank Moelis & Co. is reportedly advising the Singapore-based private equity arm on a deal to buy the brand from Billabong International.
Clessidra and the Buccellati family will retain a 15 percent stake in the company.
Trinity said the disposals were in line with its strategy and they will generate an expected gain of approximately $2.1 million.
The cross-border deal still requires the approval of shareholders at both firms.