Entrepreneurship

The billionaire dynasty behind Selfridges & Co. has sold the British department store operator to a consortium led by Thai conglomerate Central Group.

The predecessor to Anna Wintour, she oversaw the magazine throughout the 1970s and 1980s.

The deal, which is expected to close in the first quarter of 2022, would immediately add to Crocs’ revenue growth, margins and earnings, it said.

Depending on Chantecaille’s future performance, the enterprise value of the deal could range from $590 million to $690 million, Beiersdorf said.

The 600-square-metre location in Hong Kong Plaza mall on the downtown shopping street of Huaihai Lu is the second of the brand’s ‘Wonderlab’ stores, the first opened in Zurich last month.

The hip hop mogul agreed to pay $7.5 million to buy back the bankrupt fashion brand he founded in 1998 after winning a court supervised auction.

Rothy’s, which will have a valuation of $1 billion with the transaction, will continue to operate independently, the companies said.

Charlotte Tasset Ferrec joins Maje as CEO after three years within the Puig Group as CEO of Nina Ricci Fashion and Perfume.