NEW YORK, United States — KKR & Co. is weighing whether to make an investment in Saks Inc. and may push the luxury retailer to pursue a combination with rival Neiman Marcus Group, said people with knowledge of the matter.
BoF editor-in-chief Imran Amed recaps the week in the business of fashion.
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
British Fashion Gets a Web Dynamo (IHT) “This month Natalie Massenet, the founder of Net-a-Porter and Internet guru to the fashion world, will throw her might behind London Fashion Week. As the newly appointed chairman of the British Fashion Council, she will use her power to promote designers not in their traditional role as funky and cool, but as major players in a global arena.” Carlyle, KKR among Maje, Sandro