Investment AB Kinnevik and Rocket Internet AG, the e-commerce accelerator founded by Germany’s Samwer brothers, agreed to combine five online fashion businesses to create a global powerhouse.
From the vast, goat-populated plains of Inner Mongolia, ‘cashmere princess’ Jane Wang is spinning a winning formula of handcrafted luxury knitwear and strategic business savvy.
Jennifer O’Brien, director of strategic planning at branding agency Laird + Partners, says strategists working for luxury and lifestyle brands need to be bilingual in the languages of business and fashion, and that experience gleaned from other sectors can help to evolve the repetitive and formulaic communications strategies of many fashion and beauty brands.
The Savigny Luxury Index regained some of the ground it had lost over June and July, increasing by 2.2 percent in August on the back of positive results announcements. The MSCI World Index also gained 2.2 percent as the debate over US interest rate rise rumbles on.
LVMH Moet Hennessy Louis Vuitton SA signed an accord with Google Inc. to tackle the advertising and sale of counterfeit goods online, ending a legal dispute between the two companies.
Zalando SE, Europe’s largest online shoe and fashion retailer, plans to sell as much as 11 percent of its shares in an initial public offering this year, marking a coming of age for a Berlin-based startup industry that has yet to produce a big sale or IPO.
Permira Advisers LLP is selling a stake valued at 846 million euros ($1.1 billion) in German fashion house Hugo Boss AG to institutional investors.