fashion-scoops
fashion-scoops

Speculation Over Luxury Acquisitions Hits the Rumor Mill

Rumors about the future of Pomellato surfaced again, as did talks that Hermès is ready to launch a bid for Mulberry.

fashion-scoops/news

LUXURY LOWDOWN: The rumor mill, calm throughout the European collections, perked up at the tail end of Paris Fashion Week on Wednesday with speculation about two potential takeover bids. Rumors about the future of Pomellato surfaced again as Pambianconews, an online newsletter by Carlo Pambianco's Milan-based consultancy, claimed on Wednesday that French conglomerate PPR is "finalizing" the acquisition of the Italian jeweler. PPR had no comment, while a spokeswoman for Pomellato reiterated that the firm is "evaluating different strategic options for the future." Meanwhile, a report in the Daily Mail said that rumors in the City of London were rife that Hermès is ready to launch a 1.5 billion pounds, or $2.27 billion, “knockout” cash bid for Mulberry. Hermès denied the rumor.

load comments

ADD A COMMENT

Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.
News from WWD
Newsletters

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

LatestPublications
getIsArchiveOnly= hasAccess=false hasArchiveAccess=false