MILAN — In the latest shakeup in the Italian eyewear industry, Prada has ended its four-year joint venture with De Rigo and signed on with industry giant Luxottica Group.
Prada bought out De Rigo’s 51 percent stake in their joint venture company, EID (International Eyewear Distribution), and subsequently sold 100 percent of it to Luxottica for $30.4 million or, in local currency, 26.5 million euros.
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)