European Topsoho, owner of the SMCP group and a subsidiary of China's troubled Shandong Ruyi group, seems unable to repay its bond debt maturing on Tuesday, and its creditors might acquire a stake in the company.
The French department store group, owner also of La Redoute, Royal Quartz Paris, Louis Pion, Mauboussin and BazarChic, has hired Sandra Weber, a corporate finance expert formerly with Swiss retail group Rallye.
Bally has gone for big and bold with its new London flagship store. Situated on Regent Street, the latest Bally Haus concept store comes with a high degree of historical and contemporary artistic content.
Bally is underlining the strength of the Chinese consumer with its latest campaign as it has signed up Chinese actor and model Huang Jingyu, also known as Johnny Huang, as the campaign’s star and as brand ambassador.
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.