Acne is reportedly up for sale and Carven on the look out for new investors. Add to this the recent announcement of Piquadro's potential acquisition of Lancel, and the fashion and luxury sector looks set for a shake-up.
Mr Porter is further expanding its fine watch department with the addition of a curated selection of seven Cartier Watches. The line-up will launch on 5 April, with further launches planned for later this year.
Italian entrepreneur Alessandro Bastagli set his sights on Shanghai Tang two decades ago and having finally bought the brand in 2017 from Richemont he aims to increase the group’s sales by 15-20 percent next year.
Kering said on Friday it had held talks over its stake in fashion label Stella McCartney, after a report that the French luxury goods firm was discussing selling its 50 percent holding back to the British designer.