Today in luxury marketing:
More private equity action in fashion
Yesterday, LNK Partners, a White Plains, NY-based private equity firm, announced it had closed a second $400m fund, specifically aimed at investing in “the consumer/retail sector.” Yes, yet more proof than when TowerBrook Capitol sold Jimmy Choo to Labelux, and Permira sold Valentino to the Qatari royal family, it marked the end of PE’s brief flirtation with the unpredictable world of fashion were wrong - there is life in that investment relationship yet, Financial Times said.