Authentic Brands Group in Talks to Acquire Missoni

Authentic Brands Group in Talks to Acquire Missoni

Authentic Brands Group is in exclusive negotiations to purchase the Missoni brand, WWD reported on Wednesday. If things go according to plan, a deal is expected to be completed by the end of the year. The Missoni family owns 58.8% of the shares of the company while an investor, Fondo Strategico Italiano, bought a 41.2% stake in 2018. Authentic was also in active negotiations to buy Marc Jacobs from LVMH, but negotiations ended recently as source…