PARIS — Swiss retail group Maus Frères SA said it had reached a definitive agreement with family shareholders to acquire 100 percent of the capital of Lacoste SA, in a deal valuing the maker of crocodile-logo polo shirts at 1 billion euros, or $1.3 billion at current exchange.
“All of Lacoste’s family shareholders have decided to sell the totality of their shares to Maus Frères, which already owns 35 percent of the capital of Lacoste through its subsidiary Devanlay,” the group stated.
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)