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
While the campaign still features products designed by Tisci, the release signals Burberry is getting a complete creative overhaul under the stewardship of Yorkshire-born Lee and new CEO Jonathan Akeroyd.
The outerwear giant’s London Fashion Week outing will also showcase new collaborations with Adidas, Alicia Keys and Pharrell Williams in a bid to broaden the initiative’s reach.
Alo Yoga has become a fashion favourite for its wellness-centric approach to athleisure. With Lululemon seeing sales growth slow, the Los Angeles-based Alo may have an opening.
Partnering with Copenhagen Fashion Week, BoF invited market leaders including Pascal Morand, Julie Gilhart, Ganni co-founder Nicolaj Reffstrup, EU Parliamentary Committee chair Dr Christian Ehler, journalist Clare Press, executives from Renewcell and Lenzing, and others from across the value chain, to work together towards actionable solutions capable of urgently altering the industry’s ecological impact.