PARIS, France — JAB Holdings plans to run its luxury business directly, bringing brands including Jimmy Choo and Belstaff under the management of the investment arm of the billionaire Reimann family.
BoF compiles the most important professional moves of the week.
CASLANO, Switzerland — Jimmy Choo owner Labelux, the company that holds brands including Bally, has had preliminary meetings with bankers about the possible sale of a stake in the luxury shoemaker via an initial public offering, a person familiar with the matter said.
Calling all aspiring artists: Louis Vuitton launches just the site for you (Telegraph) “REcreative, www.recreativeuk.com, has been devised and developed over the past year… Aspiring artists can upload their work and share it with the online community in the ‘Projects’ section of the site, where leading artists and critics will select their favourite works to highlight.” Labelux boosts fashion M&A
LONDON, United Kingdom — As luxury stock valuations continue to roar ahead, even as the overall market has stalled, and luxury brands go to private and public investors to finance further expansion, we take our monthly check of the Market Pulse to understand the key drivers. Big news • The Savigny Luxury Index continues its upward trend led by the bullish outlook for the sector in terms of both organic growth and acquisitions •
Lunch with the FT: Carine Roitfeld (FT) “Roitfeld, 55, has built a career on being cool. She made her mark as a stylist in the 1990s, when she and the photographer Mario Testino created risqué campaigns for Gucci… [As the editor of French Vogue] she became one of the most powerful women in the fashion industry, famous for edgy, sometimes controversial and frequently erotic photo shoots.” Jimmy Choo sold to Labelux
Marketing to the Millennials (IHT) “Finding a way to reach a generation that is eager to be entertained and informed, yet resistant to the familiar, in-your-face 20th-century approach, is the focus of every smart luxury and fashion brand.” Reimann Family Seeks More Luxury Acquisitions (Bloomberg) “Labelux Group, the luxury company founded by Germany’s billionaire Reimann family, may make another acquisition this