MILAN — Krizia, one of Italy’s first ready-to-wear brands that helped build the country’s global fashion identity, is changing hands. And founder Mariuccia Mandelli is passing the baton after six decades in business.
Leading Chinese fashion retailer Shenzhen Marisfrolg Fashion Co. Ltd., has taken control of Krizia SpA, WWD has learned. Financial details of the transaction, which is expected to be finalized and operative in late spring, were not disclosed.
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)