Agenda-setting intelligence, analysis and advice for the global fashion community.
The president of Sephora in Europe and the Middle East will join Sidney Toledano in overseeing the luxury conglomerate’s fashion group, which includes Celine, Givenchy and Loewe. Motte joined LVMH in 2018 following chief executive roles at French fashion retailers Celio and Jennyfer.
Fashion brands are edging in on the world’s largest gathering of design professionals and their wealthy clients, but design companies still dominate the sector, which is ripe for further consolidation, reports Imran Amed.
Blocking the deal would set a new precedent for fashion M&A in the US and leave Capri Holdings in a precarious position as it attempts to turn around its Michael Kors brand.
After preserving his fashion empire’s independence for decades, the 89 year-old designer is taking a more open stance to M&A.
The sharp fall in the yen, combined with a number of premium brands not adjusting their prices to reflect the change, has created a rare opportunity to grab luxe goods at a discount.
