Bernard Arnault, Europe’s richest man, has acquired a one-quarter stake in Arnaud Lagardère’s holding company, in a move that will be seen as an attempt to support the family of his fellow French billionaire.
Gucci’s creative director Alessandro Michele has announced, via Instagram, that the Italian brand will abandon the official runway season, and will instead stage only two shows per year in for the foreseeable future.
Burberry was hit hard by the Covid-19 crisis at the end of its last financial year and the impact is continuing in the new year. But it's seeing resurgent demand in key Asian markets and its strategy remains on track.
The digital-first fashion rental service is reportedly seeking $25 million in its latest funding round, which would see the company valued at approximately $750 million, under a previous valuation of $1 billion.
Few brands have been more exposed to the retail collapse caused by the pandemic than Swarovski. We caught up with its CEO Robert Buchbauer for a check up on the status of the world's most famous crystal maker.
Swarovski has named Giovanna Battaglia Engelbert as its first ever company-wide Creative Director. She will “oversee the full creative direction of the company and reimagine the product portfolio across all divisions”.
Following Centric Brands’ bankruptcy filing, Marquee Brands has announced that it is taking back control of the BCBG Max Azria and BCBGeneration licenses, as part of its efforts to launch the Marquee-Direct platform.
Fashion discounting is surging online ahead of a sales frenzy when stores reopen. And the former Kate Middleton continues to be the number one fashion influencer in the UK during lockdown, LovetheSales said on Tuesday.
Giorgio Armani has reopened around one hundred boutiques in his global retail network on Monday, May 18, with added security measures, a new system of booking appointments; also, he will open Armani Silos this week.