Can the Family Behind Ferrari Make Chinese Luxury Stick?
Exor, the investment fund of Italy’s Agnelli family, has tapped LVMH Prize finalist Yang Li to lend a fashion edge to its recent Shang Xia acquisition. Almost two years in, the company’s first luxury venture is starting to take shape.
This week, Ssense said it laid off 138 workers, and MatchesFashion received a $73 million cash injection from its shareholder. From more niche players to giants like Farfetch, the pressure remains high for luxury e-tailers.