The Icelandic holding company Stodir has acquired a 39 percent stake in the investment company Baugur Group, a move that effectively consolidates the holdings of the Jóhannesson family, which controls Baugur.
The move makes Stodir the largest shareholder in Baugur. Financial terms were not disclosed.
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)