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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ZSoJs1GBLWpzpHwa57HuOfRm\/0RG9MEeYM43jevQ1KwEBOY6Gh9yeiTYnZDIrsNF6prNKvbi9toCi+reHMKg7fG7WpqvbITJVIRsoXx+NUXzezc8uNcGcAZa7877CwCsqR3X1cAuPXJiwHcwRjZI\/4NC3LdKDobp7JWTGDrDhKAjT8Io4XfNu6V5ojKO9Irg74BucXlkzVnY1LIx3ywRe1aquTC88qtNTTaK84UU41KZsl8KdgjwmCYnsnwBc9upSFrntm9ko343R93fS0AwmTpWMyy3NUGia0gOnBottJCFhsS3XzxhN6DRj31fPC\/50mQG8xKdI56k1qyZgLmFZ4T2mIkjJSGefarVZiB1k7tddfljmy\/sf9jciIdQH4AtyG9kDMu+oVRngBYJLJbHTXTXqsTz1uH64w8dkpRAvXV2ZXpencRGmuiK3h1Hb7ZRZAFiOcqs8knVz98Qcra9N1tilwBHNgTGDSrvl\/QHrwFygBYnD3Hw6Xrp8o6q22+PaqGUpSgGO2WFFL0auT3Brs4juygYdbtxHqTuqBqRUIgb3yKN+pHNQu7qRuAM\/V1u8YvyFFpDjOTv\/6Cydix0MtyBQzykcsxuIEvAm+4ZtC7yKL06xaVGpqF5Eo+PGM\/V\/y2ixYNbXbG7+P3F+U4FScfPYDS40pfyZfiKu2jigGSwDf5wbF4Q8IE03fQd6llVhwP2+NnVJGfskoldqIpcwgo5pV0gC32+4thgcYFCzNL2Vmq3UUH7bZIyyTLZim8BcEkezfp7EauOMf8yH8bStEge0ACkoZ+svKU0hDE+1n+5uruNuep0lKRs\/BmShslN693QNDgbq8ISOw+VSuKe\/s0NBXk518ZRhk6rmuXqW4gbySJaINaN9GXnCBgQDErdOkynPfTwpP\/ftFYKK9NUFQj9SqLssOYkJNXQA3HWD1giVhVzDnbvpRRVdU2rrQ4ryw1zP21bcONNS3PT7b4lISjqK4HuUUxnMSbjqAvX0Z6aNkVVGOXJUOj18pChaky1qvWh6zM2LV\/m1vNcztws+\/qKBoJ4XPTdx3qSE8hCBby96QwvFMm5XHxTg2aEsVVg9d4T2mAm1\/x0Rbbqb412Q3NJ4lF40Vc4t7PReK52rIWJ35xIoUEm2AFml3wiwwwKEWFUSFVxinMp7DmaRSNS6eLgsY2dDzKrd+z\/vJSE1REl4IXApryP\/G88v6FWCYI17OX7m4iTgIClo\/HS8ZFTkQx5beW17OrvPcvxeU0yjKxqRUtNxDxosgjanbJ2vqpB9UpuOy2sEiU6BwNv2lwD1qzFvZ0DVimZjpftKrH7IeXSDPv0YESpAorpLDMLkCpLB3CIudbGIE5\/3sPE7ls3iv2RSk00nEKO7tEtzQs8TJUcWtuFINhZTOg7701cU\/l9gQe8JKhnwj\/Vpf8cWS4l3BWlTbg+0NA+kmvuuzx8yVj98Il4el366ftnmSaLs+Vx0v1N96v6nwntc3HFr19a726m8gm2SknuchefK\/VaLY+kyLrtvCe35SzkWteGY0\/W3ZvtoUwho5NhX+aqvLnpuTnlWgVRS5YIuVvksMKdm5PbCT3ERthEsN60HImNBrVP+XH4Q53PiBU9YzakcdVpYpVnpau8KCk8xGtNPytKXtBRMB3DTw7tBW4lX+8JihicOVe6uNMce+XQReSUR+sDj2TVYFE+S5vRHZQn3QVcg\/+zqxV8nyjQCCxRST2WciTrdJeafQfdu2kNv5OWVVHtt1zKuvdbHcEYcL3inT+XLmNryl+Pu6reaFxD98Z2LstMY2YznXDnAbGHAOuebXkYW8dJJ1GUKUIiv\/F2L\/SmlgFGFV6nQWAkIk9AWHcU\/bM2qL4Z3dAXTdtPnd8Lr\/g8HSMK5LcXbAgtSWrK0AwD83w7fGASBdAV3n8b8LMjmeqX38j7a3gntM253OSjttw5aGXdw6GpZX+Ti7fxuQ8VaVBI09qjP3K+G5oYHSQVS2gMrzU7iZq7PcuzBW4XgaHo7wIgkhxKfdynN8esdC4WN72XLrGD5wb0erM6UMfpN1xu9TKSbGDkI3fgb1PfzBSb6VpITJAAQdGYudyFkbPw9fPV0N8rLG1zM3rBmMzqVmEgY8+tmxoXI3LOAZ68Q6w8BhNmHQoHKK6h+FYjO5qXRFw4ptFfyhdzmI20\/ZjVwuKGvBMvzmOS52dywvIRePaeXxFOHSxZXt+2Eey2jtDsJjsNFve67cg1VovPm5WgutoeYbPL6IlzcmCe2Hi62oBF+VMUKs4jdKzwIAmCQ+oHsSWO1tx8NV6R783PhUXQoR8AiALCvCHBkKt\/z+uPRNKPdGccxa6\/0Kcl508smQbVE2JJsmgAQZGAqSx5nKguIJGSUg\/PmyhIDlWTKS6Bd9+7Tf9ilrFH9vYAvWPBKkzbp9TKx7DK2p5khZf65tNDANTvCooLmXHq7EX66Sr0c9F3Q20Lrkqaq\/hdY3khMix+vIptv51dpVghHHUkz3UmrboJXOc69sSJCDlrVDsT1AQfiZRvjUFQbReFTo23VZVTTaYK5hAIgsoXqMPkMUgkbF\/nsM4uvG9e2HW0taVuoGwlxLvLKAUyaQ7YHYOqLWSYXVyVvGzdYcTkiqc9C51VJw\/BWpeveFkV2DYJD\/Shx8DI3Tqrh2oM1U\/Uv3NgR41ZP5sEQpQ+DZpeu5OOSYbHVN5oOfOn4fH6QWaajLm0gsBn7b9qDmgCvzj\/GRAsVNE6YplUVrCY1Z\/bwD6yO6b2T6iTy3LN77vLYnuHPzwK\/ipn6XzS95vIdMqY2SXboP65nnpwPXW4I5x9hKPl2HlPt0Y8JiO\/mDxrqV+vmnxNgHLvIac3m1i6oEKT5qWXZ7Rla6rEtdw9Yff6O1knXN7veHsLvN7p9YXYhvG6\/ZGdhEE1pbqwcF1t4qNB4hf7kFsjjMPFQS+yNlVyTxAmyGZxq0MDrssFe0ssCY0QNDGW5AuojyXQCnwsiLOery8H7l5KtZtXihWeueFoMPp8q\/GHC4CUB1lCNvAu9bNryGF7inC4+hIbmf5T1rySDSRXwGTIddb032wTG3MmOzJFQJFIN4Z4+2KxaUCDY7\/SrBbZKDm23Cn9lz7ba\/p2+GnNf42fP0OPI0NaIOnl0y9B02yXTZ8ZNQ5egZqumGzK897D6RuvZEU0vfWIa1HSaogHDxVXWXNHudeoEx8U\/0ctOaZJCs5xHtGgeCxBq7Jz8JnRXgTVY5ECcfQu6Jt6RFqgco1EmaYSFRVCcHTjZPqCAWneRX38v6q5FsMLI3aU1HFwNDMLIuKyaSmZO3kPjS6bAUYqnw3gbWadDXWT9N2yE7Bt0zzgVfmCTd+2aGFvnrSbK8mB5BEGbFdpjkNO52admp6G5pVnccSmbcViX1I7J1tg\/ucX11qbTPswLMQznQ6M6Nxz+Uq6wuJnKjFVNRh96GPv96Y4+Wyap13vmaVEljsRTKHSFuWX\/iPzPZwZMwwm9IMlQrbX+eFTYSi6uwPaKndLMODLs3vaAYKZ7Y2pPyWZOpBaDpAewUs0Tpe2cYGolWH8CpflcgqozdohMRXqo1GPqhHLs6tN6+Eig6EQqZlR\/yUY1QPs41W8etdQI6Iwtxz8EetKrrXVTXUEWchAPRfS\/+Hp\/Sp+ycLtCe9PLJVSZPS0fBYRwANpbORCoTCf7QpMiOHPOt8R2NgicFxPASUHDO0skry7LzzDNO7fQetZcN1HRGonR9UTEdjUyRoPJ\/blBJ3\/NZMzwvuFnWizd7G0MXc1+7Ky+tO3\/aFVBsiiuJ3j69JVNkqoO4eeKhwGqAKfdR\/x\/9PgeyG2yg0M2tg13cQ9gU9bJqDW8NN6uOEz9faCxToo2zAcQouIb2upEgreCaazfun4gj6xgh+StVQLsBp0bPi84gN3afGGFbSupk+U+3eaiLhl4ZHxJwDP2scqmcUdm8aWnKfUlkNx5V2Q+UdIvFAGU3SihqKB6fu9VNM31Ip\/ivvoJl0ac0dRT4mnLDNdni6xFs6lrPoaexADg5D8XaLMjuKdVw2fAhfBHA\/bG\/Tqmlay3qukctfNI0MWQPW2Px78ukrf\/to\/aDctlJJyM0fwzrKsaQuE13LdnUzs\/rynTfFtlopMOWDPeudsQdttg96t7GMVlZNWuu44ZT1h3ArcEBxO6NRxaUq6z7QzckXJfJF\/0wasy37+f62UYBbsDBsnhqRkycBHF6iyabEb7iuwpieoPvsRNn\/fCR9JdeQmjgv\/eNLEIExaZUFIi27AY8bBRHo+WT1BHjW9TFapDNahjn1gtA2yXaECglCG3bLFvb+3ihBgg2FlaCB5WoMHjcZB0a1KgPsPUCjK5U3Bq+FiaXu8Q9dFB4TsvUIJTc7eQIemQ\/KR7KeMPkGM+txXqXNbK0T18c+MO+sKKhFd9IFR+8DYzTVCaSHf54CoWdfxCADtVWzj7iq9eN5GEwrS1Q0tCx7t\/PjGblcj0fYx+L6R7Dmli\/5R5WOsGDF94+KPipBnXhYmTVmGA40ziCqzrr6ejr6IVbzaNeBa8eQPCJsWMH\/GYGhVGYYzhOSyD+HlSJcj+LFU86hut91VaoMr4TR7G+7Jvoa3Zikg7PKyN0OJEyDGI22XWUEqJDUXBjtS8136KJFNWQbzHMiprPBFByGbQ4SJ1s20CHuxrrlF8DpMXgSzCdwRVCmIyjM1U3fX\/kHU6mWowGoH66XpMzkHjRRGDJ6NPDngaIH0GHx5x2960n3LQZChPqzjgdN7jEmsqfVE0lHDMXM4hfcgiddWtstR6JOPURtm742LrkXquGQLkIh9ZGzOnttPee8lrM6Tg2piyOMjIXD6zdGHCM2YMqiMEI+VG+Be+cZo20oyPSiLo9XqoAg7DQd2Kw8juBFtaCEXmkYpbnJrkGizKj2mIOuR7Zy3AG9JUK1dWuBEhixSTpm0kmvhVU2TkJs2iS9JNCOByHbxBS6s7XD5ijm5lt5n4ihkgKriB7\/TT80PPndKR\/TIfgCBS1bhokO7svB6xfAKIizRINXUPuuJYWAaFLjdOpu7TRNDCUNSsCy69lrg\/QXPcomvHgFpXIgYWeXuNpNb4\/GdL6838q\/qIQuReRS3utGoZKD5L6T+KK\/RF\/60i5f+PtuwvOuQyYV2AXPflyHXEwGzvbh1Eu5pDkcm4jOsAsOgP\/5AUq9OvMfvLzu5\/2HD5LA9nIFnHygmflexChncErgfyP5h8ysdJYj3YH7wMOR\/gqWWfBXCCU2bxcLCRANLYTAtIfpclZ455LWRd9ZmBnj+SYAXe8PQfrLbp1sihKfK0KIOTK3X31W0zJdBqvp7d9Haxvyt4lbRnP8ofYsHjv3Dl+wY5aOgOUXm68NLju7oPbg4YX\/23Nzq3sTeO+uGzFN55KAsLrtRXZGjccpZAOa0oKyiaAZ9HliuwtjQCvmAQefRJLuH28UslCJEqbenv\/OQDQ7LAqlGwreMsKJsss7qf9OJNtnRv3Oly3AkmRJ4VYEhm6w+pdpmvaZAj\/Pwf3gjbRxU+h0khdK\/9yN2XoxMK66H4PEmnZxDQq+hrVm1FtklC7o7l4KZhV\/jjy53R\/dUSGsP9qsbRZeg9Zpb53TQz7Z5JYERWb1GWkwUaIDnoeorn\/ZqHAeOrTQAApPnmiHefFTTK8+owq39bYW4aAI0Bi1K882ITYtUkA8Wh61droxzLTbalH\/dtZXoaDVgi+3opVAgegxz+KO+XP41eLcsRnEXkWXIoXFqxXL7CmZ5CIKx7jLsLHVilOPAb9Ll1ZnpHyC54B5X9lZhR+0u8k1KYUhv\/twU\/tbub8iRyjiD\/rbVP4lSlPsu8KvYfwcVHVTFjf3a6gGBCLGZDc+rOdkyZ04ZLXZj7jzqXr7m7JCJWQu8ZplWsE25L54pNXOVsp7RA8DXCgPiwOYlWzZP7ucR37HRAaX+ZSYGrQgUBItFvQGzKBgRXFoq2LIdn51gf5z1e4JLTnHzy\/tEWGrRMjZhIixtzeFvS85oY3uNiH604xR+kNYsBSWTNLprUSV8lv+FuAHLC\/DU4ndfpik0vrO5rqVDG5Zp0nAriNwDzXHhUymgGS9kPnQ0\/69n18yQe0fwAuck7MlB+v9X0NQhgRv7qxT+ovP+WRhTAgWTQH0fmJ0mdZGuVBu2pXJdK\/7Saf8ObVRkpRw+4EcfTNUqWH2vkFM4wkvCELjR2eh4SGNDjHh6\/faRJsZQY36\/shTs\/TajlmoHDHhgZzh6RS6Hq8kODrtBPwJZwoqZbYl7GV05jZ3lO1e3iAYb7WkuoehhJSeEks\/YHW3cJNttcazQRQo0CZnVtLpCjvFGSQUCDl9XGabjQUyO5mQvNa1540Rz7aspQ6WrOgshzYNkudTYWy570A8myKdQM8m5VzpCedxlblwdQPfcp7EsB9GV0MXknRzhlnVl4Lu2utU5ERQIfk2qOqiluN8t7m1Z7aVTusiB33lGkiM\/\/ZgcGutXIR97PhQ1wHd42Y31pAFEiYWPgEHxFFYRX704WauoIgKPsvlUMSxIuD8fK\/s0JpJgXQ4ReB23HreNyA+\/ZDFDYULN3R931tBlfux8rA8msj12OIc41rtqDoI0HWxv6uE2++UE73ENTolKEI1gbfTs9V+bPr0DEAFuixpY3VJPX7QPHbM\/mlfhO43f3q93dAFwhSkhGwKFGXd8t8E2Te\/QK7+VhxbuR0K4cCu83nQzSIGueLCsX6Yjj\/H8SEHdrZFjoXQb7jSSy1w0HdWzFFZwdXJExoc49mnSy994bV\/iM0bCKuqrNhIWpRRkuhQNxU2FXwh+50l\/tZR3iZ2fghn98ciqLibCdY4IjVZPigbCkkYGn\/esP0Wkp4FZJVYyuDKizDFQttzrvzwuyVAh8SF4eEzE8vIFIhpaf4YWzVANb2MrnEwo8CrOxs4882uQ+uYmiK7Ob3owX8kcTTew6mzcaGhAUBQeqJsZfZkrBu3Pyd8lG+S9gOp\/IGxXRW4N2S9db1i0bm+x7W1+ARraycjKezZi1mw29o+vu598IaMv2clMn1sDsl6p7nh3+QVliSeDFA3Oibb+weiocVMZscj1BoxY8EgYV6b8N6H\/QK7+wVqfHD3VNy8EP24rFeMhojKQRhWwDz9Aucr6qYBN4Qqomxhw1aFAc\/5cgDXQVUCQ4pj0BEouW6mkLKk5WHFmrWPj50pG55NHv7PSrI3uCVKdaIFaylcqUYt26tfxGqDu3WBaB4GUTbZjuoHn5\/C5xLcCi5lM48qEe\/s70U2F89t1nzOsLeq3ne035WxWg7KvXy1OXdxeLKZoAdwnz\/lnDxaYijbQ8\/VGOk6sZ5Z8g+ksekS1\/Ns5clIREH5ZOjg7\/RQasVc\/jNkVWSVQjKy06WmKgjXVeUdZKNzuhiZJTggOQs2kCWLym+0khTn339FqfdjefPp3ZFGLTKpvAamELighLiemiJd+CFFGO8qQ3ngGHbzykm3sluwgWN2N+uube8VV8Ph5UFzgJNxcyaBa3cNSElQvrATP1r62IrbS9IKDHcFLic1jXK5ROdczFQMNXVNWtaPZphlh9ZhpMTZS5bIpDidS47UPK535I8RaDu9Krhkq689Rt+lsN9dEpenx9n2waKYqkZ+JERkFqy+kyDTII4FdaMQIaj6aFvPGhks7iaIVrEEEZue5i4rK53xnQ009fsxl5\/n1jV\/yIsp0H4tzBBTRJrNdoFDI7dp48pgoEt4ivCup5xpaDsRs+tJFYQ9cBGTnN2XFew9yacLs7g6dV3qWYqtQJ2zTLtMBu0ieuKGdKL7fHXeN4ytO\/NaQicSwz1xuUc38YHSDlxPlVns+vxiwgO9NE8XxsFaynwr6iwfv7+bQxfkZW8v5F3vEF1p01Yk+mfAvysRBavL\/qKJs2xWsGF5mJjcXHpdiXUKSMqsyBvpGh+J\/xd4l9gzlBXtjQdW22gmL5ad+fXictsbmU61WeCmdgaqxtmRSP08kXGkSFfYemZ47iYwhBjb74RRFE0Wczzu0UB9bX7fHh0mLpDITzywk8LaUauvr5sDDadGbWkkm6Wi8TgFawGhDhj2jJY5jLYDi5\/KNnqqoIJH0Q+Qucj6cy8uUJLdmz3VD85c9y8vhE8mM7OxWk8Rm6CXjk9AqKQ\/VrJJqy15KutLXhr8TsDAnmfrMfnDZqKSWPGDx+IhMp3z9r7Q+UJWlI1Z86H3KLAfKyAbhxraSkKX0wgkdf2reeqMtpu6pnOJcP3\/5hYpFR24\/DSZGs1jSbCWfVKl7xoN8vuwJYb93FSy97DfRmG4JQiQ1hTLovIMy04cN2ZiMSWAuTcql1lFGgtQzeqrfLDZG3RVmB6xauVsLb1+NO+A7eKkRuEb6brS4iDi\/HFTvO9KP+3fW2AfLsjR0h6ZfzY2T0KP3xRhLSaEREAwJ+026u8YZWtmv2f0dxJ6VIdoJBqY6PToO1P5W5rIoIpc\/ntNNRTwfjyspAhe0rDPIlU4yZ1CU0vLCz7XlDrpules4KPrHJqdCkPGqBbJ3C1Knqvpc113POrGZpC9UPNGNSx+1V5DrBLiio9L+OgBMjjmTs729aOtWVCAt1E8k06KfU05nreHHHCX+CqPJy4\/aNVUBG0l+lH0Eu951A6MpiU\/hPWDmAyR6k7jrhMgOF1r8EEHMmMlh4lJTlP8sQLUxrFZl721wFRIRD7tjCBpAy0PrQGzNnHzHdLmSoQi4cKvyVwQA6GE7GIHf+oqYtEdiF0G2giNEHaxeicCAosyQsZvXQKWOK\/2wOIFl\/bjEYK746EvtjwdU8ytYqODvv9flxHgxhWGljV8PsozHAy2uED13LBQZGTjIf5eWyLHXIfGMCy2GD2cxvGrknatTM8zf5nkhkNhrLOro\/hMGeTFhiEleyoexLHFZ1HCUNmvN5Xycc0u2aeKbblk9uzsN3\/Sxb2f3MyH0z4blkpyyaiLQD50bs8reyBsMDm4fMlaOuw6PUsWVfJWGKOR99QMNchoG99C9WeoHdx+QsAZo1B1F19Iv+7kMVgAJR1YzYmK5ZjiGQennC1OfhwsAIRubhGWA8Dw0mRvcFB+BPQ5GpYhMM82gYMiw0beVw1mPqAOUVUT9MVYgIcI5VNkRAwXuSl6\/7UfQiIGhoAGgH+jiguvYPNyM\/SCMPV7ED4OCciyyHSP\/HovAgICpuj78Ssew5wlpWECB\/JRpDej27RRsSgp0qeafPekpHcVgI1cPUD90\/Pu9E9cnYc6sAn7I+YjYXn+BhxvKKZuIaKEev85vFV\/tKkLdGl5gpHyos7T7U2trP6AQWgz7lKxbg1mh57c+q+GxS9z7sBOT7ivxlnY9","iv":"101a6132a33ff1f6a7ed206a2fc9ec54","s":"b28d95a94c447d20"}
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