The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The French fashion group said Monday that independent director Christophe Cuvillier will step into the role, following a vote last week to dismiss five board members associated with former majority owner Ruyi Group.
The shakeup at the owner of contemporary fashion labels Sandro, Maje and Claudie Pierlot comes amid a legal fight between Ruyi holding company European TopSoho and a group of lenders. The dispute has been ongoing since last October, when the Ruyi unit defaulted on €250 million ($285 million) in exchangeable bonds.
Learn more:
What Will Ruyi’s Unravelling Mean for SMCP?
The future of French contemporary giant Sandro, Maje and Claudie Pierlot is at stake in a dispute between distressed Chinese shareholder Ruyi Group and its lenders
This month, BoF Careers provides essential sector insights to help marketing professionals decode fashion’s creative and commercial landscape.
Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent.
With a new campaign, the first from CMO Kenny Mitchell, Levi’s is challenging consumers to change how they think about — and where they shop for — the brand.
In an era of austerity on Wall Street, apparel businesses are more likely to be valued on their profits rather than sales, which usually means lower payouts for founders and investors. That is, if they can find a buyer in the first place.