As part of the acquisition, EPI will be renamed as Fanatics Italy.
Cover50 is considered one of the leaders in the international high-end trousers and denim market.
PLBY Group has decided to sell its subsidiary brand Yandy and refocus on its flagship brands, Playboy and Honey Birdette.
The Covent Garden Hotel has been in operation since 1996 and features a total of 58 guest rooms, with an estimated value of nearly £948,000 per room.
The conditions for the acquisition have been met and the parties are in the process of completing the relevant procedures for the transaction.
Vendorafa, founded in 1951 in Valenza, Italy, is a subsidiary of Lombardi Srl, which is majority-owned by the watch and jewelry division of the luxury conglomerate LVMH Group.
Back in 2008, L’Oreal Group acquired YSL Beauty (Yves Saint Laurent Beauté) for 1.7 billion euros.
The acquisition will encompass three multi-brand concept stores and one single-brand boutique under the Parisi Taormina umbrella.
The acquisition agreement is contingent on a debt relief package of $690 million.
In the announcement, Next said it had agreed to buy CK Acquisitions Ltd’s brand name, the domain name (cathkidston.com), and intellectual property for a consideration of £8.5m.
