The luxury marketing and communications group — parent to Karla Otto and influencer marketing firm Lefty — raised $400 million in a round led by TowerBrook Capital Partners and media, gaming and online sports betting company, FL Entertainment.
Investors will closely watch Zara owner Inditex’s profit margins for any signs of weakness after a stellar series of results confirmed its lead over smaller Swedish rival H&M.
After launching Victoria’s Secret beauty products on Amazon, the lingerie brand is expanding to include apparel on the retail platform.
Luxury fashion house Armani Group has started an experimental agroforestry plantation in southern Italy to test new ways to produce cotton sustainably, it said on Monday.
Sciuto will take up the chief executive role at the OTB-owned label next month, succeeding Gianfranco Gianangeli.
Founder Mohammed Ashi becomes the first couturier from the Gulf region known to join the Fédération de la Haute Couture as a guest member and will show on the official calendar on July 6.
Target Corp. has erased almost $14 billion in market value since it reported earnings last month, and some on Wall Street see more pain ahead for the retailer.
LVHM chief Bernard Arnault is set to visit China, two sources told Reuters on Thursday, as European luxury goods makers closely track the pace of recovery of the key market following three years of Covid disruptions.