French designer Isabel Marant has teamed up with L’Oréal Paris to create a make-up collection that is due to launch in September.
The Missonis have sold a 42.1% stake in their luxury fashion business to Italian state-backed private equity house FSI (Fondi Strategico Italiano) for €70m but has pledged “the family will reman in control” following the deal.
Jamal Kamani, brother of Boohoo founder and co-CEO Mahmud Kamani, has gifted 30m shares in the fast-growing etail group to his children.
British designer Daniel Lee, formerly director of ready-to-wear at LVMH-owned Céline, has been named as the successor to outgoing creative director Tomas Maier at Kering-owned luxury house Bottega Veneta.
Global fashion giant H&M has revealed a 2% uplift in sales in the quarter ending 31 May 2018 in provisional figures released ahead of its half-year financial report to be published at the end of this month.
Kering-owned Bottega Veneta has parted ways with its long-standing creative director Tomas Maier leaving another big vacancy at the head of a luxury house.
Online shopping group N Brown has entered into consultation with staff over the proposed closure of its 20 high street stores, which operate under the High & Mighty, Jacamo and Simply Be brands.