Swedish brand Acne Studios has sold minority stakes, 41 percent, to IDG Capital and I.T. Group, according to news reports from WWD and Business of Fashion. The remaining shares will stay in ownership of founders Mikael Schiller and Jonny Johansson. IDG will acquire 30.1 percent and I.T Group will buy 10.9 percent, according to BoF. As result of...
Dec 24, 2018