
Tom Ford International, the luxury line from the former creative head of Gucci, is seeking funding to expand into women's apparel, according to a report from Thomson Reuters' private equity website peHUB.
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Tom Ford International, the luxury line from the former creative head of Gucci, is seeking funding to expand into women's apparel, according to a report from Thomson Reuters' private equity website peHUB.
Italian designer Roberto Cavalli has hired two top luxury and fashion sector managers to run the group dropping a plan for a private equity partner to support its growth plan.
Balenciaga, the trendy fashion house favoured by actresses such as Charlotte Gainsbourg, is the fastest growing brand within the Gucci Group and meeting all pre-crisis targets.
Sporting goods maker Puma expects to set a record for soccer product sales next year with the world championship in South Africa, but its CEO said this would still not lift group results from 2009 levels.
Gucci America sued several credit card processing companies for trademark infringement on grounds those companies facilitated the sale of counterfeit Gucci bags on the Internet.
A judge barred a Gucci heir's ex-wife and her daughter from using their names commercially in the United States without trademark approval, saying they could confuse consumers and damage the brand.
French luxury and retail group PPR said it was hit by a slump in spending on luxury goods in Japan and at U.S. department stores but still managed to post first-half profits that beat forecasts.
Germany's Puma posted a 6.6 percent drop in first-half recurring operating income and lower comparable sales due to a lack of major sporting events, parent company PPR said.
The judicial administrator of failed French fashion house Christian Lacroix said a bid by Italian group Borletti, associated with the Rinascente department store group and the designer himself, was "serious".
Italian retailer Borletti emerged as the early favourite to take over the Christian Lacroix fashion house, in administration since early June, its court-appointed administrators said.