NEW YORK — Influence, control and, of course, money.
Those are the main reasons why Polo Ralph Lauren Tuesday said it will invest $70 million to increase direct management of its growing business in Japan. The company said it has signed an agreement in principle to acquire a 50 percent controlling interest in its Japanese master license and an 18 percent equity stake in a firm that holds the sublicenses for Polo’s women’s, men’s and Polo jeans businesses in Japan.
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)