PARIS — Qatari-backed investment fund Divine Investments SA, or Disa, said Wednesday that it has completed its acquisition of French retailer Printemps.
The Luxembourg-based company, held by private investors, has acquired a 70 percent stake from Deutsche Bank’s RREEF and the remaining 30 percent from Italy’s Borletti Group. The planned deal was originally revealed in February.
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)