MILAN — San Francisco-based private equity fund JH Partners LLC has acquired full control of La Perla Group through the acquisition of the remaining 30 percent stake held by Alberto Masotti’s Nute Partecipazioni.
Masotti, whose family founded the Bologna-based La Perla, had retained his title as chairman and a seat on the board when JH Partners bought 70 percent of the $270 million innerwear company in July 2007. Under the terms of the new deal,Masotti will retire.
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)