NEW YORK, United States — Aldo Bensadoun, who founded the Aldo Group in 1972 selling wooden clogs in Canada, is the sole owner of the Aldo Group’s two shareholding entities. The retailer now has a value of $1.7 billion, according to data compiled by Bloomberg, making Aldo’s executive chairman, Bensadoun, a billionaire.
PARIS, France — Gucci owner Kering SA will consider acquiring sports and lifestyle brands in three years, as it assesses the performance of its Puma brand, Chief Executive Officer Francois-Henri Pinault said.
More than previous generations, millennnials want social responsibility and transparency from the brands they buy. Fashion companies that fail to change risk losing relevance, argue Maxine Bédat and Soraya Darabi.
A growing number of Chinese are turning to “selling agents” to circumvent import duties and get their hands on authentic luxury goods at lower prices.
Seoul-born designer Rejina Pyo combines graphic inspirations from abstract art with an elegant, subtle femininity for a winning collection of deceptively simple, contemporary-priced pieces that have struck a chord with influential retailers.
LONDON, United Kingdom — For years, fashion and luxury-goods companies have resisted putting creative and commercial control in one pair of hands. With the appointment of Christopher Bailey as chief executive officer, Burberry Group Plc aims to prove it can make the formula work.
NEW YORK, United States — PVH Corp., the company behind the Calvin Klein and Tommy Hilfiger brands, has become a minority shareholder in fashion designer Karl Lagerfeld's namesake company.