BoF compiles the most important professional moves of the week.
PARIS, France — After weeks of exclusive talks, American private equity firm Kohlberg Kravis Roberts & Co. (“KKR”) has formally acquired a 65 percent majority stake in SMCP Group, owner of contemporary French apparel brands Sandro, Maje and Claudie Pierlot. The remaining shares will stay with founders Evelyne Chétrite and Judith Milgrom, along with members of management, Elie Kouby and Frédéric Biousse. Details of the deal were not
LONDON, United Kingdom — The Savigny Luxury Index (SLI) gained 2.8 percent in January, outperforming the MSCI World Index (MSCI) by a touch over 1 percent. Positive economic news coming out of China sent the SLI into a mini-rally at the beginning of the month, however mixed corporate results announcements took some of the wind out of its sails. From a mergers and acquisitions perspective though, the year has started off with a