In a notable move within the luxury sector, Mike Ashley’s Frasers Group has decided to withdraw its bid to acquire Mulberry Group Plc, a British handbag manufacturer. This decision comes after Mulberry rejected Frasers’ latest offer of 150 pence per share, which is a step up from their initial bid of 130 pence. The refusal […]
Astier de Villatte Sells Majority Stake to Vesper
Astier de Villatte, the renowned Paris-based lifestyle brand, has taken a significant step in its growth journey by selling a majority stake to Vesper, a private equity firm. Founders Ivan Pericoli and Benoît Astier de Villatte will maintain a notable stake and remain at the helm of the brand’s creative direction. The financial details of […]
Dior Names Bollywood Star Sonam Kapoor New Ambassador
In a strategic move that highlights the burgeoning potential of the Indian luxury market, Christian Dior Couture has appointed Bollywood icon Sonam Kapoor as the latest ambassador for its womenswear, designed by Maria Grazia Chiuri. This collaboration marks a significant step for Dior as luxury brands increasingly recognize India’s growing consumer base, expected to spend […]
Zegna Group’s Third Quarter Sales Fall 7 Percent
The Italian luxury menswear group Zegna has reported a 7 percent decline in total sales for the third quarter of 2024, raising concerns about the future of the luxury market. Total revenue for the quarter hit €397 million ($429.8 million), a significant downturn attributed largely to the plummeting demand for luxury goods in key global […]
Chanel To Sponsor Oxford-Cambridge Boat Race
In a significant shift for both business and brand identity, Chanel is stepping into the realm of sports sponsorship. The French luxury house has announced its title sponsorship of “The Boat Race,” a historic rowing competition between the prestigious Oxford and Cambridge universities. This event, celebrated as the UK’s oldest major sporting occasion, is set […]
Gucci Picks Florence for Next Cruise Show
Gucci has made a significant announcement, declaring that its upcoming Cruise 2026 collection will debut in Florence, Italy, on May 15, 2025. This choice of location is particularly meaningful, as it is the city where the iconic fashion house was established by Guccio Gucci in 1921. For a brand like Gucci, rich in history and […]
Rianta Capital Invests In Biotech Beauty Brand
In an era where innovation shapes the beauty landscape, the UK-based biotech skincare brand, Reome, has captured attention with its successful first round of funding. Launched by former beauty editor Joanna Ellner in January 2023, Reome recently raised over £1.1 million ($1.4 million) led by Rianta Capital, the investment arm of New Look founder Tom […]
Moncler Stages Mega-Scale ‘Genius’ Event in Shanghai
Moncler, the renowned Italian skiwear brand, has set a new benchmark in luxury fashion with its impressive “The City of Genius” event held in Shanghai. Taking place inside a former shipyard in the dynamic heart of the city, the event showcased the latest from Moncler’s ongoing collaborations with a roster of celebrities and influential designers, […]
Gucci’s Marketing and Communications Shakeup Continues
Gucci, the illustrious Italian luxury brand, recently witnessed a significant shift in its marketing and communications landscape with the departure of chief brand officer Alessio Vannetti. This exit is part of a broader trend, as the company seeks to restructure its operations amidst troubling sales figures. Under the leadership of a new CEO, significant changes […]
How Mytheresa Can Make Its YNAP Deal Work
Mytheresa’s recent acquisition of Yoox-Net-a-Porter (YNAP) represents a significant step toward dominating the luxury e-commerce market. However, the success of this venture hinges on Mytheresa’s ability to transform YNAP into a profitable entity. The potential is substantial; combined sales estimates suggest that the two companies could reach €4 billion by 2029, but there are significant […]