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Business

Saks Fifth Avenue flagship appraised at $3.6 billion as it renews Neiman push

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
Business
A Swiss watchmaker with deep ties to India is back from the dead—again

A Swiss watchmaker with deep ties to India is back from the dead—again

Luxury watchmaker Favre Leuba plans to unveil more than two dozen timepieces later this year, priced as much as 2
Luxury
Business

Superdry CEO Dunkerton will not bid for fashion chain

Superdry CEO and top shareholder Julian Dunkerton will not be making an offer for the company, and the struggling British fashion chain also snagged an extension to a loan facility to help its turnaround plans.
Fashion
Business

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
Business

Trade shows

Shanghai’s big textile trade shows open on cautiously optimistic note

Shanghai’s big textile trade shows open on cautiously optimistic note

The Intertextile show, with 3,000 fabric producers exhibiting, and the Chic show, with its 1,200 apparel manufacturers, kicked off on March 6 amidst hopes of renewed growth in Western and Chinese demand.
Fashion
Trade shows
Spring and Autumn Fairs form advisory board to develop and grow events

Spring and Autumn Fairs form advisory board to develop and grow events

UK trade shows Spring & Autumn Fair have created a new Advisory Board “to drive the continuous enhancement of the two shows and ensure that UK retail has a thriving marketplace in which to do business”.
Fashion
Industry

ITM and Texhibition trade shows scheduled in Istanbul on March 4-8

The ITM textile machinery show and the Texhibition yarns and fabrics show will be held in Istanbul at the beginning of March, respectively featuring 1,200 and 400 exhibitors.
Fashion
Trade shows

Tranoï: 92% of exhibitors at the next womenswears show come from outside of France

The Tranoï womenswear show, first held 26 years ago, will be staged again at Palais Brongniart in Paris from February 29 to March 3. It will be a truly international edition with 180 exhibitors, 15 of them from France.​
Fashion
Trade shows