MILAN — Prada and private-equity fund Equinox Management Co. SA struck a preliminary agreement Friday calling for Equinox to acquire 45 percent of the Church’s Group, the high-end English footwear firm, from Prada Holding. Terms were not disclosed.
News of the pact followed growing speculation Prada aims to sell some of its assets, in a bid to reduce its debt of $827.6 million, now that plans for a public offering are on hold.
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)