The Manhattan-based buyout firm AEA Investors has purchased 80 percent of the North Carolina-based natural cosmetics company. Terms of the agreement — reached this week, WWD learned Thursday — were not disclosed. Sources speculated, however, that the transaction was valued in excess of $175 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)