The pandemic has forced luxury goods companies to use social media, video and virtual showrooms to woo their wealthy customers in Europe when tourists, especially from China, have been absent for more than a year.
In the last year, the luxury industry’s digitalisation process has accelerated at all levels, radically transforming the labels’ relationship with the public, as shown recently by Bottega Veneta, Versace and Balmain.
Ruffini Partecipazioni, the investment vehicle of Moncler CEO Remo Ruffini, said on Wednesday it had completed the accelerated bookbuilding for the placement of a 3.2% stake at a price of 48.80 euros per share.
The fragrance maker announced Q4 net income of $14.7 million on Monday, representing an 80% increase from $8.2 million in the same period in the previous year. The company also raised its financial outlook for 2021.
The American brand founded by Ronnie Fieg is opening a store in the French capital. Spread over three floors, the 16,000-square-foot location not only offers the label's latest collections, but also a restaurant.
The Italian luxury brand famous for its iconic down jackets announced on Tuesday that it has entered into an agreement with Temasek Holdings to acquire the remaining 30% stake of Stone Island’s parent company.