NEW YORK — Pinault-Printemps-Redoute SA upped its Gucci Group NV stake to 66.65 percent with a series of stock purchases on the Amsterdam and New York stock exchanges during the first three weeks of August.
From Aug. 1 to Aug. 20, PPR acquired 1,012,854 Gucci shares for a total price of $97.4 million, or an average of $96.19 a share. Of that, 268,290 shares were purchased on the New York Stock Exchange for $26.4 million, and 744,564 were bought on the Amsterdam Stock Exchange for $71 million. Dollar figures have been converted from the euro at current exchange, as PPR paid 65.1 million euros for the Gucci stock acquired in Amsterdam.
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)