VCS Group, a wholly owned subsidiary of the Camuto Group, has acquired a majority stake in Development Clothing LLC, a contemporary apparel brand designed by Erica Davies, who will stay on as creative director.
A minority stake in the firm remains in the hands of Development's founding partners, Andrew Crane and Stuart Gaddis, and Davies, who has been designing the line since early last year.
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)