PARIS — Serge Weinberg, chief executive of Pinault-Printemps-Redoute, is very happy with the Gucci purchase.
Sending an upbeat message to PPR shareholders at the company’s annual meeting here Tuesday, Weinberg amplified recent comments by François-Henri Pinault, chairman of PPR parent Artemis, that the $9 billion, or 7.2 billion euros at current exchange, paid for Gucci Group was a good investment for the retail conglomerate.
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)