SMCP FOR SALE?: L Capital, the private equity arm of LVMH Moët Hennessy Louis Vuitton, on Sunday declined to comment on growing speculation that Groupe SMCP, in which it holds a 51 percent stake, is on the block.
French weekly Le Journal du Dimanche said SMCP, which controls contemporary brands Sandro, Maje and Claudie Pierlot, had mandated Edmond de Rothschild Corporate Finance to study the possibility of selling the group.
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)