Affected by a tough traditional menswear market, the historic Italian label will be closing its factory in Carate Brianza north of Milan. The site employs 134 workers and ceased operations on Wednesday.
Debenhams is bringing a curated fashion and beauty offer to Australia with its first standalone stores there in a deal with Pepkor. It is opening smaller-format stores and offering plenty of exclusives.
Chinese private equity firm Hony Capital said on Tuesday it has agreed to buy a third of fashion brand Mr & Mrs Italy’s owner Duemmei, marking its first investment in the luxury industry amid a recovery in the sector.
Ebay Authenticate has launched to target shoppers buying and selling handbags. Sellers send the handbag to Ebay's team of experts who examine the bag and validate its authenticity before the buyer receives it.