PARIS — Kohlberg Kravis Roberts & Co., the new majority owner of the Sandro, Maje and Claudie Pierlot fashion chains, plans to accelerate their international expansion, particularly in the U.S. and Asia.
The American private equity giant said it signed a definitive agreement to acquire 65 percent of SMCP Group from L Capital, the private equity arm of LVMH Moët Hennessy Louis Vuitton, and Florac.
Financial terms were not disclosed. Market sources pegged the deal’s value at about 650 million euros, or $853.4 million at current exchange.
Evelyne Chétrite and her sister Judith Milgrom, along with Elie Kouby and Frédéric Biousse, will retain about 35 percent of the company.
Etro’s show, titled “The Tree of Life,” was a celebration of the house’s 50th anniversary. “My father founded the company in 1968, which was the year of counterculture and psychedelia. It’s really a show that celebrates that and the paisley design of India and its origin,” said Veronica Etro. #wwdfashion #mfw #ss18 (📷: @delphineachard)
For @msgm’s spring 2018 show, creative director @massimogiorgetti said “Words, sounds, colors. Synthesis and therapy of a collection,” were the inspirations behind the collection, showing today. Read the rest of Milan spring 2018 inspirations on WWD.com. #mfw #wwdfashion #ss18
For her first solo album in over 10 years, Fergie tapped Carine Roitfeld, Mert and Marcus, Giovanni Bianco and more to create a fashion-focused video approach for the record, Double Dutchess. "Giovanni really helped me get back in touch with my tomboy side, my hardside," said the singer. #wwdeye #wwdfashion ( : @slovekinpics)
“Volumes and Graphic Art of the Nineties are the main inspirations of the new Aquilano.Rimondi SS 2018 collection,” said cocreative directors Tommaso Aquilano and Roberto Rimondi. #wwdfashion #mfw #ss18