The competition to get a piece of promising young retailers and brands in emerging markets is heating up.
Private equity giant Kohlberg Kravis Roberts & Co. said Tuesday it had pumped $30 million into Novo Holdco Ltd. — an 11-door chain courting China’s young urbanites. That’s small change for KKR, which has invested $60 billion in retail since 1981, but a potentially lucrative bet and a sign of the times.
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)