Hong Kong-based Fung Retailing Ltd. has taken a 70 percent stake in Suhyang Networks, a South Korean children’s apparel maker.
The acquisition by Fung Retailing was completed with funds managed by private equity firm AEA Investors. The dollar amount for the acquisition stake wasn’t disclosed, but the price tag is reportedly 200 billion Korean won, or $188 million at current exchange.
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)