BERLIN — Permira, the private-equity backer and major shareholder of Hugo Boss, has recapitalized Red & Black Lux Sarl, its investment holding company for the fashion company.
The move gives one of Permira’s largest investors, SVG Capital, cash in the amount of 110.9 million pounds, or $179.2 million, returning 47 percent of its initial investment. All conversions are at current exchange.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"