PARIS — Switzerland-based chemical company Clariant announced today it has inked a deal to divest its textile chemicals and two other business units — paper specialties and emulsions — to U.S. private equity firm SK Capital. "For Clariant the transaction marks a significant milestone in the execution of its profitable growth strategy, after the acquisition of Süd-Chemie in 2011," Clariant chief executive officer CEO Hariolf Kottmann said.
The total sale amounts to approximately 502 million Swiss francs, or $548.7 million at current exchange.
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)