LVMH is buying Tod’s shares from the group’s chairman and CEO Diego Della Valle for a total of 74.5 million euros, raising its stake to 10 percent.
While the Etro family has long denied interest in selling its namesake company, on Monday it said it was “evaluating possible partnerships,” as sources say it has tapped Rothschild as its adviser.
Hermione People & Brands is part of Michel Ohayon’s Financière Immobilière Bordelaise, a retail property development company.
Carrefour CEO Alexandre Bompard called plans to buy Brazil’s third-largest retailer a “transformation” move.
Under Carlyle, the company will explore growth opportunities, including the launch of women’s wear as well as further international expansion.
Shares in Compagnie Richemont closed up 3 percent Monday following a blog report that the group rebuffed an informal offer from Kering.
Avery Dennison debuts its launch of atma.io, a digital ID platform for supply chain transparency.