LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
Brand leaders who claim that craft is the lifeblood of luxury should see worker welfare as a moral duty that aligns with their strategic business interests. But protecting the valuable skills of Indian artisans is not the same as valuing the artisans themselves.
Brand leaders who claim that craft is the lifeblood of luxury should see worker welfare as a moral duty that aligns with their strategic business interests. But protecting the valuable skills of Indian artisans is not the same as valuing the artisans themselves.
At a time when Vuitton, Hermès and Chanel are expanding their production capacity to keep up with growing demand for ‘made in France’ luxury goods, a new government roadmap could give the sector a boost.
This month, our Spotlight shines on Colville, an eclectic womenswear label helmed by Vogue alumna Lucinda Chambers and Marni veterans Molly Molloy and Kristin Forss.
There was such a zest in this collection. “Paris Cosmopolite” was the name Lagerfeld gave it. A neologism that said it all, really.
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Chanel has created a silks production unit by investing in high-end specialists, it said on Friday after completing the third deal in four months aimed at strengthening its supply chain.
From tea silk to yak wool, traditional materials and products are being reinvented for Chinese luxury consumers less enamoured with European mega-brands.
Growing sophistication rather than raw wealth is becoming the main driver of how people consume, shifting luxury spending to craft or brands with craft credentials, argues Guy Salter.
Brunello Cucinelli — whose cashmere sweaters can sell for $3,000 or more — is crafting a gentler life for his employees in the village of Solomeo.
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How Kyoto-based Hosoo is diversifying its traditional kimono business into art, fashion and interiors, and serving clients like Louis Vuitton, Dior and Chanel.
A new campaign encouraging foreign nations to use India as a manufacturing hub is an opportunity to promote 'Made in India' as a stamp of quality, artistry and heritage within the fashion industry, says Bandana Tewari.
The fashion industry needs to foster more substantial and deeply-rooted business partnerships in Africa, argues Hanneli Rupert.
For Africa to attract the investment it needs, the fashion world needs to let go of some myths and misconceptions about the continent, says Liya Kebede.
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.
The move means Shein could be liable for fines of as much as 6 percent of global revenue for violating the law, designed to curtail the spread of illegal content online.
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.