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.
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)