PARIS — Beefing up its luxury lingerie portfolio, Belgian innerwear manufacturer Van de Velde has acquired the family-owned, Spanish premium lingerie firm Andres Sardá, including its sister brands Risk and University.
Van de Velde, advised by Paris-based investment banking firm Ohana & Co., purchased 100 percent of the shares of Eurocorset, Andres Sardá's holding company, plus the brand for 14.6 million euros, or $22.6 million at current exchange.
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)