With travel expected to soon surpass pre-pandemic levels, The State of Fashion 2024 unpacks how brands and retailers are adapting to strategies to connect with vacation-focused consumers.
Zimmermann
BoF 500
Nicky & Simone Zimmermann
Chris Olliver
CEO
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Highlights
How the American ‘accessible luxury’ group Tapestry can capitalise on its newly acquired brands and more from BoF’s Imran Amed.
This week, the Australian label’s founders and private equity backers sold a majority stake to Advent International in a deal valuing the business at just over $1 billion at a time when others in the accessible luxury space have struggled to find buyers.
This week’s global markets round-up of fashion business news also features Advent to buy Zimmermann in a $1 billion deal, Amyris to shut down Costa Brazil and Onda Beauty and cotton yarn demand stagnant in north India.
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