The Swiss group, owner of Cartier, Net-à-Porter, Chloé, Dunhill, Alaïa and more, announced on Wednesday the acquisition of historic Belgian leather goods house Delvaux. The transaction amount was not disclosed.
Garment makers in nine countries spanning Asia, the Middle East and North Africa have banded together to demand better contract terms from global clothing retailers, according to a draft document seen by Reuters.
German fashion e-tailer Zalando has announced the appointment of Laura Coppen as circularity director. Coppen had been one of the main figures shaping the H&M group's sustainability and circularity strategy since 2016.
Christina Zeller, the artistic director of Delvaux, is leaving the company after almost a decade at the Belgian luxury marque. The artistic direction of Delvaux will be taken over by the house's creative studio.
Hong Kong-based sourcing giant Li & Fung has appointed Joseph Phi as group CEO, working alongside newly appointed Executive Chairman Spencer Fung. Phi takes over from Marc Compagnon, group CEO since 2014.
Marco Probst, who led the Belgian luxury leather goods brand from 2012 to 2018, is back in charge, succeeding Jean-Marc Loubier, who continues as president of First Heritage Brands, the group that controls Delvaux.
Following the company's liquidation, the Sonia Rykiel brand was put up for auction. FashionNetwork has learnt that it is brothers Eric and Michael Dayan, two of Showroomprivé's founders, that have purchased the label.