FIRST BUY: Serge Weinberg, the former PPR chairman and an architect of the French retailer’s foray into luxury with the acquisition of Gucci Group, on Monday made his first investment via his nascent Weinberg Capital Partners fund. Weinberg said he would take a 70 percent stake in Pharma Omnium International, a French pharmaceuticals firm, to finance its development. Sources pegged the value of the transaction at 100 million euros. Weinberg founded his venture capital fund last July. He has raised some 420 million euros ($535 million at current exchange) for investments.
This story first appeared in the May 30, 2006 issue of WWD. Subscribe Today.