The French luxury group, which previously held 67% of the Italian brand, has purchased the remaining 33% from Laudomia Pucci, who is stepping down from her role as vice president and image director at the house.
LVMH's star label, which was set to show at the close of Paris Fashion Week, has postponed its virtual presentation by one day. The house will now unveil its collection for Fall/Winter 2021-22 on Wednesday, March 10.
Due to the rising number of Covid-19 cases in France, many international buyers and fashion industry professionals won’t be travelling to the French capital for Paris Fashion Week at the end of September.
The Italian brand will not participate in the digital fashion week being organised in Paris this July, opting instead for a coed show in September, while preparing a different haute couture project for the summer.
The British label has decided to showcase its men’s collections in a new city every season. After a presentation in London last June, it will move to Milan next January to present the Fall/Winter 2020-21 collection.
Acne is reportedly up for sale and Carven on the look out for new investors. Add to this the recent announcement of Piquadro's potential acquisition of Lancel, and the fashion and luxury sector looks set for a shake-up.