France's LVMH faces an uphill battle in walking away from its $16 billion deal to buy U.S. jeweler Tiffany & Co, with legal experts noting most mergers which end up in court are renegotiated rather than dissolved.
The Crown Estate, like other major landlords, is aiming to conserve as much cash as it possibly can and has delayed the payment of its annual income to the Treasury in the face of a shortfall in rent payments.
Finnish textiles-to-fashion firm Marimekko has updated its guidance saying net sales will be lower for the full year while comparable operating profit could be at a similar level to last year, but might also be lower.
London rocked on Friday with acclaimed historicism and unexpected street wear. Practically no actual shows yet plenty of ideas in some memorable videos, as fashion designers suggested their customers should rage.
Raf Simons has announced plans to show his signature collections next month, when the Belgian designer will finally debut a women’s collection some two and a half decades after launching his own label.
Italian luxury brand Valentino, led by new CEO Jacopo Venturini since June, is making new strategic appointments, entrusting the Americas region to Laurent Bergamo, and the Middle East to Simone Bertolini.
Fashion giant Bestseller has named Niels Christian Jung as its new Communication Manager. The journalist and documentary filmmaker will join on October 1 and will report directly to company chief Anders Holch Povlsen.
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