The bidding for Fifth & Pacific Cos. Inc.’s Lucky Brand division has entered into the late-stage negotiation round, while its Juicy Couture brand is said to be slightly further behind in the bidding process, sources said.
As first reported last month, the bidding for Lucky was between two potential buyers: Jos. A. Bank Clothiers Inc. and global private equity firm Advent International. One of Advent’s operating partners is Jenny Ming, now president and chief executive officer of Advent portfolio company Charlotte Russe. She previously was president of Old Navy and a member of the original executive team that founded the Gap Inc. division.
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)