PARIS — A Qatari takeover of French department store chain Printemps is moving closer.
The Borletti Group plans to sell its 30 percent stake in the retailer to Luxembourg-based investment fund Disa, which in turn is comprised of a group of Qatari investors, according to sources. Disa is currently in talks with Deutsche Bank’s RREEF for the acquisition of its 70 percent stake in the coveted store.
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)