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Updated Thursday January 11, 8.31am:Luxury conglomerate PPR announced yesterday that it had completed the acquisition of 100 per cent of the Italian tailoring label Brioni. PPR has not disclosed the value of the transaction.
The purchase, which began last year, will see Brioni – now a menswear label only – focus on expanding its accessories offering and growing the business in Asia. Brioni will show the men’s line for the first time since the buyout at Milan Fashion Week on January 16.
