US billionaire Peter Kern acquires Italian lingerie label La Perla

Jun 21, 2025 - 03:00
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US billionaire Peter Kern acquires Italian lingerie label La Perla
Peter Kern, former CEO of US travel tech firm Expedia will be the new owner of troubled Italian luxury lingerie label La Perla. Kern submitted the best offer, both in economic and employment terms, Italian Minister of Enterprise and Made in Italy Adolfo Urso announced recently. Kern committed to investing around $34.31 million by 2027, avoiding redundancies and reviving production, he said.

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