Industry sources say turning to the banks may be an alternative to finance future growth for the Milan-based fashion group, as talks to secure a minority shareholder may be taking longer than expected. “Potential investors want to have a say in the decision making, so they are vying for either a greater stake in the company or for more power, but the Versace family is loath to relinquish either one,” said a source, who spoke on condition of anonymity.
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)