Apparel giant PVH Corp is selling its Speedo North America business to UK-based Pentland Group, which is the parent company of Speedo International Limited. The British firm is paying $170 million in cash.
Eric and Michael Dayan, co-founders of Showroomprivé, who bought the rights to the Sonia Rykiel brand after the label's liquidation, are another instance of e-entrepreneurs taking over a renowned French fashion label.
Marco Probst, who led the Belgian luxury leather goods brand from 2012 to 2018, is back in charge, succeeding Jean-Marc Loubier, who continues as president of First Heritage Brands, the group that controls Delvaux.
Following the company's liquidation, the Sonia Rykiel brand was put up for auction. FashionNetwork has learnt that it is brothers Eric and Michael Dayan, two of Showroomprivé's founders, that have purchased the label.
The Paris trade court decided to postpone the deadline for submission of offers to acquire the brand until July 18 in order to “give all parties the chance to file” following several withdrawals from applicants.
On Monday, the staff of Parisian label Sonia Rykiel, currently in receivership, voiced their fears for the future, while the Paris trade court is set to rule in July on a still mysterious potential buyer.
Cheryl Abel-Hodges has been promoted to chief executive officer of Calvin Klein to replace Steve Shiffman, who is leaving the company to pursue other interests. She will assume her new role this month.