The e-commerce business of luxury department store Saks Fifth Avenue is preparing for an initial public offering and targeting a $6 billion valuation, the Wall Street Journal reported Sunday, citing sources.
The executive, who has two decades of experience in the sector, joins the Kering-owned luxury brand from Fendi, where she most recently served as VP for U.S. retail and retail corporate functions in the Americas.
The couture house owned by Diego Della Valle is launching its first store outside of its "Salons Boutique" on Paris' Place Vendôme. The new location will open in New York's Bergdorf Goodman on October 12.
Supima, the non-profit organization that promotes the use of what many regard as the cashmere of cotton, will stage a live joint runway show during next month’s New York Fashion Week, hosted by stylist Law Roach.