MILAN — Private equity firm BC Partners has found a buyer for Italy’s Gruppo Coin SpA. Centenary SpA, a new company formed by Coin’s management team and other investors, is acquiring 100 percent of the department store chain. Financial details were not revealed.
Coin manages directly and through franchisees around 40 stores selling apparel, beauty products and home decoration, operating under the Coin, Coin Excelsior and Coincasa banners. In total, these generated sales of 400 million euros in 2017.
“I’m looking forward to jumping into the creative process and exploring fashion through a different lens,” said actor Michael B. Jordan exclusively to WWD about becoming the first face of @coach ‘s men’s business. Not only will the actor appear in its global ad campaigns, but he will also create a capsule with designer Stuart Vevers. Tap the link in our bio to learn more. #wwdfashion
“The name of the show is GP — giant pockets,” said Karl Lagerfeld pre-show, in his backstage meeting room at @Fendi to Bridget Foley. @Bellahadid was one of the many famous faces who graced the catwalk including @Gigihadid, @Adwoaaboah, and yes, even @Kendalljenner. #wwdfashion
Photographed by Kuba Dabrowski/WWD
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