PARIS — Private equity firm Advent International has acquired a majority stake in French fashion chain Gerard Darel with a view to speed its global expansion. Financial terms were not disclosed.
In a statement, Advent said it would support a plan to double Darel’s turnover by doubling its store presence in France to 80 locations, and to expand its global presence. Management at the Paris-based firm, led by the founding family, will remain in place.
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)