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Tapestry and Capri Holdings defend merger plans after FTC bombshell

Tapestry and Capri Holdings defend merger plans after FTC bombshell

​After news that the FTC in the US wants to block Tapestry’s takeover of Capri Holdings on competition grounds, both companies have issued statements defending their plans.
Luxury
US FTC sues to block $8.5 billion takeover of Capri by Tapestry

US FTC sues to block $8.5 billion takeover of Capri by Tapestry

The U.S. Federal Trade Commission on Monday sued to block Tapestry's $8.5 billion deal to buy Capri saying it would eliminate "direct head-to-head competition" between the brands of the two luxury handbag makers.
Luxury
Central's search for new Selfridges partner goes on, reportedly in talks with possible buyers

Central's search for new Selfridges partner goes on, reportedly in talks with possible buyers

​Middle Eastern and Chinese investors are reportedly eyeing a Selfridges stake as Thailand-based Central Group continues to seek an owner-partner to replace failed co-owner Signa.
Fashion
TikTok announces Preowned Luxury category, UK's 'big 5' resellers sign up

TikTok announces Preowned Luxury category, UK's 'big 5' resellers sign up

​TikTok Shop has just launched a Preowned Luxury category in the UK and US, which it said will “enable the community to browse and purchase authentic luxury fashion without ever having to leave TikTok”.
Fashion
LVMH highlights its socio-economic impact at its Annual General Meeting

LVMH highlights its socio-economic impact at its Annual General Meeting

For once, Bernard Arnault, CEO of the world's number one luxury goods group, and his teams emphasised the group's social approach at its Annual General Meeting in Paris on Thursday morning.
Luxury
Valentino is new International Booker Prize event sponsor

Valentino is new International Booker Prize event sponsor

​Valentino has formed a new cultural partnership and has been announced as the sponsor of the International Booker Prize 2024 ceremony.
Luxury
Boss Bali activation adds unique experience to SS24 launch

Boss Bali activation adds unique experience to SS24 launch

The Boss brand is opening the doors of Boss House Bali to a “select group” of Hugo Boss Experience members, as well as VIP customers, media, and “key tastemakers” from Asia-Pacific with an online global element too.
Luxury
Harvey Nichols names Alexander McQueen exec Goddard as its new CEO

Harvey Nichols names Alexander McQueen exec Goddard as its new CEO

​Harvey Nichols has faced tough conditions in recent years but it’s now hoping for better times ahead with the announcement of a new CEO from one of luxury's major labels.
Fashion
Major Chatsworth exhibition to mix Erdem SS24 with Duchess Deborah's life story

Major Chatsworth exhibition to mix Erdem SS24 with Duchess Deborah's life story

A new exhibition this summer at one of Britain’s best-known stately homes, Chatsworth, celebrates the image and legacy of the late dowager Duchess Deborah Devonshire through the lens of Erdem's latest collection.
Fashion
Dior arrives in New York for a runway show and party at the Brooklyn Museum

Dior arrives in New York for a runway show and party at the Brooklyn Museum

Led by women's artistic director Maria Grazia Chiuri, the Fall 2024 collection pays homage to the synergy of New York and Christian Dior.
Luxury
Hermes can surpass Vuitton as luxury’s biggest brand, Citi says

Hermes can surpass Vuitton as luxury’s biggest brand, Citi says

Hermes has potential to surpass LVMH’s flagship Louis Vuitton in the coming years as the luxury industry’s biggest brand by turnover, according to Citigroup Inc. analysts.
Luxury
Tapestry merger with Versace owner Capri gets EU, Japan approval

Tapestry merger with Versace owner Capri gets EU, Japan approval

Coach parent Tapestry's $8.5 billion deal to buy Michael Kors owner Capri Holdings has received regulatory clearance from the European Union and Japan, the companies said on Monday.
Luxury
Stella McCartney launches new campaign imagery starring Quannah Chasinghorse

Stella McCartney launches new campaign imagery starring Quannah Chasinghorse

​Stella McCartney has launched the second chapter of her Summer 2024 campaign for Earth Month 2024 – collaborating with indigenous advocate and climate warrior Quannah Chasinghorse. 
Luxury
Valentino new London flagship debuts on Sloane Street

Valentino new London flagship debuts on Sloane Street

​Valentino has opened the doors of a major new flagship on upscale Sloane Street in London, which it said continues the label’s “evolution towards a more intimate, design-led retail dimension”.
Fashion
Luca Faloni debuts in Switzerland, opens Zurich store

Luca Faloni debuts in Switzerland, opens Zurich store

​London-based fashion and accessories brand Luca Faloni has taken its first step into the Swiss market with the opening of a boutique in Zurich. A Paris boutique is also planned for this year.
Fashion
Represent signs for Wardour Street flagship, its first UK store

Represent signs for Wardour Street flagship, its first UK store

​High-end men’s streetwear label Represent has signed up for a new London flagship, taking space at landlord GPE’s 135/141 Wardour Street property.
Fashion