Just posted on wwd: Renzo Rosso, the Italian industrialist behind Diesel, has acquired a majority stake in the Dutch designer firm Viktor & Rolf with ambitions to build it into one of the “top reference fashion houses of the future.”

Financial terms were not disclosed, but Rosso told WWD he plans to make major investments to bolster the duo’s ready-to-wear business, add licensed products such as eyewear and jewelry, plus open freestanding stores in high-visibility locations.

More news coming to WWD tomorrow.