The French group will pay €1.7 billion for 30 percent of the Italian couture house as the first step in a broader partnership with owner Mayhoola. What will the deal mean for Kering, Valentino, Mayhoola and the wider fashion landscape?
The French house showcased its new Tweed-inspired high jewellery collection in London this week. CEO Frédéric Grangie sees the ‘booming’ category as a key opportunity to elevate the Chanel brand.
Designers Luke and Lucie Meier have softened the fast-growing brand’s signature rigour with a newfound dreaminess that is all about them, writes Tim Blanks.
The Fédération de la Haute Couture et de la Mode, Paris Fashion Week’s organising body, released provisional calendars for January’s menswear and haute couture weeks.
The package focuses on a Russian-origin diamond import ban as well as imposing additional import and export bans on Russia, combating sanctions circumvention and closing loopholes.
Prices for second-hand luxury watches from brands including Rolex, Patek Philippe and Audemars Piguet tumbled as the US Federal Reserve raised interest rates to cool soaring inflation, the Bloomberg Subdial Watch Index shows.
The online reseller of luxury watches named Carsten Keller, an executive from online retailer Zalando, as its new chief executive officer.
Discounts from high-end fashion retailers raised concern that a lacklustre Christmas could lead to inventory gluts – potentially dragging labels into a discounting spiral that would cheapen their image.
The deal marks a turning point for Breitling, which jumped into the top 10 Swiss watch companies by sales in 2022, as it becomes a watchmaking group.
Moody’s Investors Service on Tuesday cut its rating for Farefetch’s debt to Caa2, deep in junk territory, and put the luxury marketplace on review for another downgrade.
The deal to sell the majority stake in Cruise Line Holdings Co, the parent company of the Starboard & Onboard Cruise Services businesses, is expected to be concluded in the coming days.