For $130 million.
"Newsroom has to reduce its costs."
Consuelo Castiglioni will keep full creative control of the label.
Nathalie Rykiel will stay on as vice-chairman of the board.
This is great for Kate Spade and Juicy Couture.
He'll remain the chief designer for all his other brands, though.
The label is in "advanced" talks with Kellwood.
Labelux also owns Derek Lam and Bally.
Sales have climbed 27.9 percent compared to this time last year.
But Jimmy Choo the man isn't part of it.
On J.Crew's dramatic buyout: "People write things. It’s the way of America."
Not so fast, Puig.
Puig is trying to buy a majority stake in the company.
Potential buyers are sniffing around, apparently.
The Bulgari family will gain a number of leadership positions within LVMH as part of the deal.