MILAN — Labelux Group, a Vienna-based luxury goods holding company, has reached an agreement to acquire Bally International from private investment fund TPG Capital for an undisclosed sum. The transaction will be finalized this summer.
Labelux is owned by Joh. A. Benckiser SE, a family-controlled financial holding company, and has subsidiaries in the Austrian capital and in Milan. The Benckiser family also owns the beauty firm Coty.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"