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In row with Tiffany, LVMH may find that most sales are final
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.
Luxury
Industry
Regent Street landlord Crown Estate hangs on to cash to survive the pandemic
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.
Fashion
Retail
Marimekko issues improved guidance, but uncertainty remins
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.
Fashion
Business
Aspinal of London CVA to mean store closures
Aspinal of London is the latest British retailer to launch a CVA proposal as the effects of a pandemic have made its current business model unviable.
Fashion
Retail
Design
Edward Crutchley’s Yakuza wives confirm him as a truly major talent
Few designers in London today pack as much punch and panache as Edward Crutchley, whose latest collection was an ode to a beautifully histrionic Yakuza gangster film, and all the better for that.
Fashion
Media
London Fashion Week: Day two offers a funky fashion restoration
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.
Fashion
Media
Raf Simons to show debut signature women’s collections on October 23
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.
Fashion
Catwalks
BFC creates diversity and inclusion committee
The British Fashion Council is stepping up its efforts to fight prejudice and discrimination.
Fashion
Design
Appointments
Chanel names Agathe Derain head of human rights
The French luxury house has promoted Agathe Derain, previously the responsible sourcing director for the brand's fragrance and beauty division, to a newly created role dedicated to human rights.
Fashion
Appointments
Global-e gets key new exec from Boden, links with Never Fully Dressed
Cross-border e-commerce specialist Global-e has named a former Boden exec as its VP of Business Development and has also signed up Never Fully Dressed to its platform.
Fashion
Appointments
Valentino continues its executive restructuring
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.
Luxury
Appointments
Bestseller names journalist as new comms chief
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.
Fashion
Appointments
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