PARIS — Bernard Arnault is making an investment in the fledgling business of Maxime Simoens, a 27-year-old French wunderkind who had recently been courted by Christian Dior, industry sources said.
It’s a rare move for the French business titan, who has slowed the pace of his luxury acquisitions and recently favored global heritage brands, evidenced by LVMH Moët Hennessy Louis Vuitton’s $6 billion deal last year to buy Roman jeweler Bulgari.
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)