Miscellaneous
The latest news
Saks Fifth Avenue flagship appraised at $3.6 billion as it renews Neiman push
The owners of Saks Fifth Avenue are in talks to raise financing to bolster the cash portion of an offer to buy competitor Neiman Marcus, according to people familiar with the matter
Luxury
Italian influencer Ferragni won't return to Tod's board
Italian influencer Chiara Ferragni, caught up in a probe over alleged fraud in endorsement deals, will not return to the board of luxury shoemaker Tod's, company documents revealed Thursday.Di.Vi.
Luxury
Brunello Cucinelli announces the acquisition of the Sartoria Eugubina couture workshop and the construction of a new factory
The Italian luxury brand is acquiring Sartoria Eugubina, a renowned couture workshop specializing in high-end tailoring and made-to-measure garments, located in Gubbio, Umbria.
Luxury
LVMH-backed L Catterton to form consumer-focused JV in India with former HUL CEO
U.S. private equity firm L Catterton said it will form a joint venture in India with former Hindustan Unilever CEO Sanjiv Mehta to develop a new investment vehicle targeting the country's consumer market.
Luxury
Women@Dior & UNESCO Global Conference celebrates female empowerment
Dior and UNESCO staged their latest Women@Dior & UNESCO Global Conference Thursday, as over 1,000 women gathered to hear speeches and testimonies from luxury executives, mentees, mentors and even a Nobel Prize winner.
Fashion
Breaking News: Valentino names Alessandro Michele new creative director
Six days after ending the quarter century career of Pierpaolo Piccioli at Valentino, the Rome-based house has named ex-Gucci designer Alessandro Michele to be its new creative director.
Luxury
Easter sales forecast is bleak for fashion sector
Easter sales aren’t expected to provide much of a boost to the fashion retail sector with two predictions that UK consumers are likely to spend more time dining than shopping for clothes this long weekend.
Fashion
Contemporary men’s style magazine Icon launches its French edition
A French edition of Italian-born menswear magazine ICON was released last Friday. Meant for younger men, the magazine boasts an impressive editorial team and seeks to prove that print media isn't a thing of the past.
Fashion
Moschino reduces stake in joint venture with Altana for junior line
The Aeffe group's star label has sold a 15% stake in Moschino Kids to its partner Altana, but remains a majority shareholder in the joint venture company they set up in 2022 to develop and run the childrenswear line.
Luxury
Russia's Alrosa agrees to sell some production to the state
Russia's finance ministry has agreed with sanctions-hit diamond producer Alrosa to purchase part of the company's production in 2024, a source familiar with the matter said on Wednesday.
Luxury
Louis Vuitton reveals Olympic trunks as Antoine Arnault mocks Mediapart
Louis Vuitton unveiled its custom-made Olympic trunks that will contain the games’ official torches and medals on Wednesday evening, as LVMH media and image director Antoine Arnault mocked left-wing website Mediapart.
Luxury
Sellier launches AI-assisted 'Selected' app
Resale specialist Sellier has gone to the next level with its new AI-assisted luxury resale platform. It says ‘Sellier Selected’ is the “first highly curated marketplace platform offering the rarest pre-loved luxury".
Luxury
Kurt Geiger opens Galeries Lafayette pop-up as outperformance continues
Kurt Geiger has opened a pop-up in key Paris department store Galeries Lafayette with a residency that runs until 15 April.
Fashion
Vuitton develops bespoke trunks for Olympic medals and torches
Louis Vuitton has developed a series of bespoke trunks in which to carry and protect the medals and torches of this summer’s upcoming Paris 2024 Olympics and Paralympics.
Fashion
CMA hails landmark deal with ASOS, Boohoo, Asda in greenwashing probe
The UK’s Competition and Markets Authority (CMA) said on Wednesday that ASOS, Boohoo and George at Asda have signed “formal agreements to use only accurate and clear green claims”.
Fashion
Tod's investor calls for L Catterton to raise buyout offer
Tod investor Tabor Asset Management has published an open letter calling for an increase in the price offered by L Catterton to buy 36% of the Italian luxury shoemaker, saying the price of 43 euros per share is unfair.
Luxury