
French luxury goods group, PPR, said Nov 8th that it has acquired 100 percent of Brioni, the Italian menswear brand. The price of the acquisition wasn’t released. Reports value Brioni at about $450 million.Brioni, whose 2010 revenue reached 170 million euros ($235 million), is one of the world’s most reputable men’s fashion houses. It is the top-rated men’s fashion brand in the United States (Luxury...