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.”
Madonna turns 59 today, marking another year of show-stopping, one-of-a-kind bold looks from the singer. To celebrate, we took a look at the superstar's most memorable fashion moments. Here, Madonna sits front row at Versace's spring runway show in 1995. See more exclusive photos from the #wwdarchive on WWD.com. #wwdeye (📷: Cédric Dordevic)
WWD asked a handful of creative directors to evaluate the September covers of leading women's fashion magazines. How do they think the covers this year compare with years gone by, and what do they say about the current status of the publication? Link in bio. (GIF by @hypebreast)
"Stephen King is such a master, but I don't like being scared - there's enough that's really scary. How about the morning's news?" says Holland Taylor in an interview with WWD. See what else the actress said about starring in the TV adaptation of King's thriller "Mr. Mercedes" on WWD.com. #wwdeye (📷: @jgreenery)