Ambush has become the latest brand to leave the roster of Farfetch-owned New Guards Group. Founders Yoon Ahn and Verbal announced Friday that they had …
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Prada Group to Acquire Versace for €1.25 Billion
Prada Group has agreed to acquire Versace from Capri Holdings for €1.25 billion ($1.38 billion), the companies said in a statement Thursday. Prada is borrowing …
Zegna Group Profits Decline 30 Percent
Ermenegildo Zegna Group’s 2024 profits fell 31 percent to €91 million ($98 million), as a slowdown in China and a weaker wholesale performance, particularly at …
Prada Group Defies Slowdown as Young Shoppers Flock to Miu Miu
Prada SpA defied a luxury industry downturn last year as wealthy young shoppers flocked to products from its Miu Miu brand. Revenue at the Italian …
Together Group Acquires Digital Studios Imerza and Visualisation One
Together Group, parent company to Purple PR, announced today it is acquiring Imerza and Visualisation One, animation and immersive visualisation technology companies. Imerza is video …
Zegna Group Returns to Growth in Fourth Quarter
Ermenegildo Zegna Group’s fourth-quarter revenue reached €589 million ($619 million), up 3 percent year-on-year, joining Richemont and Burberry in reporting surprisingly strong sales in the …
Jewellery-Shipper Ferrari Group Kicks Off Amsterdam IPO Plans
Luxury logistics company Ferrari Group Plc announced plans to launch an initial public offering in Amsterdam, becoming one of Europe’s first companies to seek a …
Estée Lauder Companies Group President to Step Down
Peter Jueptner, the international group president of Estée Lauder Companies, will step down from his role on April 1 and depart the company on June …
Abu Dhabi-Based Royal Group Acquires Controlling Stake in Pangaia
Abu Dhabi-based investment vehicle Royal Group has acquired a controlling stake in material science and apparel brand Pangaia, the company said Thursday. The financial terms …
China’s Youngor Group Acquires Bonpoint
Chinese conglomerate Youngor Group has acquired French luxury childrenswear label Bonpoint from private investment firm EPI for an undisclosed sum. EPI acquired the brand in …
Saks Finalises Acquisition of Neiman Marcus Group
Saks Global, the entity that controls Saks Fifth Avenue and off-price chain Saks Off Fifth, has wrapped up its $2.7 billion acquisition of Neiman Marcus …
Prada Group and EssilorLuxottica Renew Ten-Year Eyewear License
Building on an existing twenty-year partnership, Prada Group and the Franco-Italian eyewear conglomerate EssilorLuxottica have renewed their licensing agreement for ten years. Prada chairman Patrizio …
China Cotton Group Urges Uniqlo and Others to Use Xinjiang Fibre
A Chinese industry association urged international companies to use cotton produced in Xinjiang after the head of Uniqlo’s parent said the fashion retailer doesn’t source …
LVMH HR Chief Chantal Gaemperle Exits Group
Chantal Gaemperle, LVMH’s human resources & synergies chief and a member of the group’s executive committee, is leaving the French company after 17 years. The …
How Prada Group Is Defying the Downturn
Prada Group continues to defy luxury’s downturn, reporting nine-month net revenues up 18 percent year-on-year. Growth was powered by Miu Miu, whose wonky yet wearable …
Luxury Skincare Line Révive Acquired by Chinese Firm S’Young Group
Révive has a new owner. The ultra-luxury skincare line founded by Dr. Gregory Brown in 1997 has been acquired for an undisclosed amount by Chinese …
Worldview | A New Chapter for India’s $165 Billion Tata Group?
Noel Tata takes indirect control of India’s $165 Billion Tata Group. The billionaire industrialist and philanthropist Ratan Tata, a former group chairman and then …
Mulberry’s Owner Rejects Increased £111 Million Bid From Mike Ashley’s Frasers Group
The owner of the Mulberry fashion brand has rejected an increased £111 million ($144.9 million) bid from Mike Ashley’s Frasers Group to buy the British …
Mike Ashley’s Frasers Group Makes £83 Million Offer for Handbag Maker Mulberry
Mike Ashley’s Frasers Group has filed a possible £83 million offer to buy the luxury brand Mulberry as it expressed concerns about the future of …
Central Group Acquires Swiss Luxury Chain Globus
Central Group took control of Swiss luxury department store chain Globus from Rene Benko’s insolvent Signa group, the latest transfer from the Austrian financier’s retail …