MILAN — The financially struggling Piazza Sempione is seeing some light at the end of the tunnel.
The fashion firm is currently controlled by Luxemburg-based SLPS — a holding company including LVMH Moet Hennessy Louis Vuitton's private equity fund L Capital; the brand's founders Marisa Guerrizio and Roberto Monti, and chief executive officer Enrico Morra as a stake holder. Now Vicenza, Italy-based clothing manufacturer Sinv SpA has emerged as an interested investor in Piazza Sempione, which was hit by a financial crisis in 2011. In October last year, the Milan-based company filed a petition for a composition with creditors with the court.
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)