BERLIN — The incessant Tchibo family feud may finally be over, but the uncertainty concerning Beiersdorf’s future remains as strong as ever.
Tchibo, the Hamburg-based coffee and retail chain, owned by the Herz family, holds a 30 percent stake in Beiersdorf. While Tchibo has long signaled its interest in buying part or all of German insurance giant Allianz’s 43.6 percent Beiersdorf stake, family infighting had brought decision making to a standstill.
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)