Financial services
June 27, 2018
Missoni recently sold a minority stake in its family-owned company. Image credit: Missoni
By Sarah Jones
In response to an increasingly competitive and expensive luxury business, a number of independent luxury houses have sought outside capital through acquisitions or investments.
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","iv":"bd933f2e0c64d90fa7a478daac0224d0","s":"ecd836a0a684906d"}
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