MILAN — Permira is said to be on the short list of investors seeking a minority stake in Versace, according to well-placed sources. The private equity group and owner of brands including Hugo Boss and New Look last week agreed to acquire R. Griggs Group Ltd., parent of the Doc Martens brand. Permira took control of Valentino Fashion Group SpA in 2007, selling it five years later to Mayhoola for Investments, an investment vehicle backed by a private investor group from Qatar.
A Milan-based source said that “over the past few weeks, Permira has entered the negotiations [for the Versace stake] in a significant way, at the expense of the Qatar-based funds.”
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"