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.
Speculation that Shandong Ruyi was in talks to buy the UK’s Arcadia Group may have been denied by both parties but it has certainly focused attention on the Chinese firm’s global ambitions in the fashion sector.
A deal has been struck to sell Bally and while we don’t know how much the deal’s worth, we do know that the Swiss brand will be controlled by one of the world’s biggest textile names, Shandong Ruyi Investment Holding.
Belstaff is to launch two new retail spaces in the coming month, continuing its global expansion in key markets with one store that underscores its focus on Japan and another that will be its first standalone in Canada.
First there was a report that Renzo Rosso's OTB Group had tabled a bid for Belstaff, then came a denial. But whether the bid happened or not, it has shone a powerful spotlight on the UK heritage brand.
The news flow around Jimmy Choo’s sale may have been pretty slow since it was first put on the block a few months ago but at least we now know some of the interested bidders. Step forward Michael Kors.
Dune London has announced that CEO John Egan is to stand down from his role at the end of August to become a non-executive director at the business. He will be succeeded by James Cox, who is currently COO.