Eyewear giant Marcolin has named Alessandro Beccarini as its Style & Product Development Director with responsibility for the management and development of all the group’s eyewear collections worldwide.
Sources have said that Chinese luxury clothing conglomerate Shandong Ruyi hasn't yet secured financing for its $600m purchase of Swiss luxury brand Bally, despite two years having passed since the deal was done.
It seems Bagir is losing patience. The tailoring specialist has been waiting several years now for an investment by Shandong Ruyi to complete and with no sign of that happening, it's taking action for breach of contract.
Aquascutum’s Chinese owner is the subject of a potential lawsuit over unpaid invoices, as fears over a liquidity crisis persist. A Portuguese fabrics firm called Calvelex is expected to take it to court this week.