MILAN — Three years after Brioni initiated a search for aninvestor, the Italian men’s powerhouse could be nearing a sale — and tonone other than PPR.
The French group that owns Gucci firstemerged as a possible investor in Brioni in 2009 after the Italiancompany tapped BNP Paribas in November 2008 to help sell a 20 to 25percent stake. A prospectus was said to have reached a short list ofpotential investors, including PPR, LVMH Moët Hennessy Louis Vuitton andMediobanca. Later that year, Brioni said it was no longer seeking aninvestor.
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)