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":"562e191fca489df01ad736f8db9c0ee5","s":"45bc3b692fdddb06"}
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