Lagerfeld Owners Assert: It's Not For Sale!
Lagerfeld Owners Assert: It's Not For Sale!
DESPITE rumours to the contrary in this weekend's newspapers, vogue confirm that Karl Lagerfeld's brand is not being sold by owner Apax. A report in this weekend's Sunday Telegraph asserted that the company could be sold before the year is out, but a spokesperson told vogue this afternoon that nothing could be further from the truth.
Apax acquired the Tommy Hilfiger group in 2006 - which then included Karl Lagerfeld - before selling much of the business to PVH in 2010. It retained Lagerfeld, however, only selling a stake of the company to PVH last year. A representative for the Karl Lagerfeld brand has not yet responded to requests for a statement.
Bisous, Ariana :)
Lagerfeld Owners Assert: It's Not For Sale!
Lagerfeld Owners Assert: It's Not For Sale!
DESPITE rumours to the contrary in this weekend's newspapers, vogue confirm that Karl Lagerfeld's brand is not being sold by owner Apax. A report in this weekend's Sunday Telegraph asserted that the company could be sold before the year is out, but a spokesperson told vogue this afternoon that nothing could be further from the truth.
Apax acquired the Tommy Hilfiger group in 2006 - which then included Karl Lagerfeld - before selling much of the business to PVH in 2010. It retained Lagerfeld, however, only selling a stake of the company to PVH last year. A representative for the Karl Lagerfeld brand has not yet responded to requests for a statement.
Bisous, Ariana :)
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