NEW YORK — The recent acquisition of L’Artisan Parfumeur not only gave Cradle Holdings a sophisticated, perennial holiday favorite, but it also heightened Cradle’s status as an international outfit.
Cradle bought L’Artisan last week, as reported, a brand with roughly $20 million in volume, according to industry estimates. Terms of the arrangement were not disclosed but sources speculated that the deal was worth $10 million to $15 million.
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)