PARIS - LVMH Moet Hennessy Louis Vuitton is sailing into new luxury waters, acquiring a Dutch maker of custom mega yachts. The French luxury giant said it would acquire Royal van Lent from Egeria, an investment firm based in the Netherlands. A designer and builder of yachts over 160-feet in length, sold under the Feadship brand, Van Lent has posted annual sales growth of more than 20 percent, LVMH said.
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)