MILAN — Global M&A activity in the fashion and luxury industry picked up in 2016, after four consecutive years of decline, growing 30 percent.
In its latest annual Pambianco Strategia di Impresa study, the Milan-based consultancy said M&A deals last year totaled 96, compared with 74 in 2015. There M&A agreements were 114 in 2012, dropping to 106 in 2013 and 89 in 2014.
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)