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Saturday, 23 July 2016 08:43

Edizone invests in Hermes and Victoria’s Secret

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Edizione, the Benetton family holding company, has acquired a 0.25 per cent stake in the French luxury fashion label Hermès, as well as taken a 0.35 per cent stake in L Brands, the US group that controls, among others, the lingerie brand Victoria’s Secret.

For the Benetton family, this is simply a financial investment, this time in the luxury goods sector which adds to other stakes held in insurance, banking and publishing industries. According to sources, the amount invested is close to €100 million.