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.
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.
In honor of Rihanna’s 30th birthday, we took a look back at an interview with the Barbados-native when she was just 18 years old. Here, she talked about her second album, “A Girl Like Me” in 2006. “I want to be me. I want people to fall in love with who Rihanna is, and that’s why I want the album to be about me so people can really find out who this girl Rihanna is, because they only know the ‘Pon de Replay’ girl.” Fast forward 12 years, and she’s released six more albums and has become a powerhouse in both the fashion and music industries. Happy birthday, @badgalriri 🎈(📷: Pavel Antonov) #wwdarchive