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LVMH insists it not buying Tiffany shares on market; suggesting deal to go ahead, but at lower price
With rumors mounting that Bernard Arnault may be attempting to renegotiate a lower deal price for LVMH’s acquisition of Tiffany, the luxury group said Thursday it will not buy any shares in the jeweler on the market.
Fashion
Business
New Look in landlord talks about turnover-linked rents
Less than two years on from its CVA, New Look is in talks with its landlords again and has appointed property agents to help it negotiate rent deals based on turnover as it prepares to reopen its store estate this month.
Fashion
Retail
Fossil's Q1 hit by pandemic, losses widen but cost savings grow too
Watchmaking giant Fossil had a tough time in Q1 as the effects of the global pandemic hurt its operations all over the world. But things could have been worse and its Q1 global net sales fell ’only’ 16% to $390.7m.
Fashion
Business
Canada Goose lowers reliance on department stores in recovery push
Canada Goose Holdings Inc said on Wednesday it would limit shipments to department stores and focus on its own outlets and website to shore up profit margins, as it looks to cushion the blow from the COVID-19 pandemic.
Luxury
Business
Design
Prince Dimitri of Yugoslavia to launch memoirs in New York this September
NYC's prince of jewelry, HRH Prince Dimitri of Yugoslavia, will release Once Upon a Diamond: A Family Tradition of Royal Jewels, a book of memoirs on his family's collections and his own designs, in September.
Luxury
Design
A world redrawn: The rich must 'share' says Agnes b
Agnes b. called in an interview for the rich to "share" and insisted we must not forget the urgency of looking out for the environment.
Fashion
Design
Hyères Fashion Festival to be held on October 15-19
The event, previously postponed due to the Covid-19 crisis, will be held on October 15-19 under the aegis of jury presidents Jonathan Anderson, Paolo Roversi and Hubert Barrère, featuring a new prize sponsored by Hermès.
Fashion
Design
A Common Thread names Bode, Rodarte, Brother Vellies and Rachel Comey among first round of grant recipients
The CFDA and Vogue's Covid-19 relief fund announced that $2.13 million will be distributed to 44 businesses in the fund's first round.
Luxury
Design
Appointments
Kylie Cosmetics CEO makes quick exit
Coty has announced that Kylie Cosmetics chief executive officer Christoph Honnefelder has left the brand, after only being appointed to the leadership role in January of this year.
Beauty
Appointments
Daniel Grieder steps down as CEO Tommy Hilfiger Global and PVH Europe
US fashion group PVH Corp. has announced the departure of its head of Europe and of Tommy Hilfiger’s global business. After 23 years with the group, Grieder will be replaced by current PVH Corp. COO Martijn Hagman.
Fashion
Appointments
Rebekka Bay becomes Marimekko creative director
Marimekko has named former Gap creative chief Rebekka Bay as its new Creative Director, starting in September.
Fashion
Appointments
Coty appoints Chairman Peter Harf as CEO
Cosmetics maker Coty Inc said on Monday it has appointed Chairman Peter Harf as the chief executive officer of the company, its fourth in as many years, as it tries to turn around its business.
Beauty
Appointments
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