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":"5a4b455b3329bd10fa98ae4be74ec368","s":"665c206e64a50351"}
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