Nicole Farhi is on the cusp of a new wave of business expansion after private equity group Kelso Place Asset Management acquired a majority stake in the company. Kelso Place, which sold British luxury leather goods company Smythson in 2009, bought the stake from OpenGate Capital, which only acquired Farhi in 2010 for £5 million.
As with the OpenGate buyout, Kelso Place will retain Nicole Farhi as creative director and Niki Scordi as chief executive for the next phase of the expansion. Kelso
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