Cadogan Estates, the family-owned company that owns swathes of commercial and private properties across London’s Chelsea and Knightsbridge, has seen the value of its 93-acre portfolio fall by almost £800 million.
The Swiss group, owner of Cartier, Net-à-Porter, Chloé, Dunhill, Alaïa and more, announced on Wednesday the acquisition of historic Belgian leather goods house Delvaux. The transaction amount was not disclosed.
When Max Mara staged its Marella Agnelli moda resort 2022 collection at sunset on Tuesday in the Bay of Naples it marked the latest step in a subtle and long-term repositioning of the house as a major fashion player.
OTB Group’s Brave Kid operation is on an expansion drive and has added the MM6 Maison Margiela brand to its licensed portfolio. It will be the first move into kidswear for the Margiela label that’s owned by OTB.
High-end lingerie label Honey Birdette is to join Playboy owner’s PLBY Group portfolio with a purchase price of $333m. PLBY has big plans to expand the label and also has the deep pockets to make its ambitions a reality.
Michael Kors parent Capri Holdings raised its fiscal 2022 forecast for profit and revenue on Tuesday, betting on a surge in demand for luxury products as consumers emerging from lockdowns look to upgrade their wardrobes.
It seems 4,000% growth in a year isn’t quite enough. So fashion and beauty online discounter Secret Sales has secured £10 million in new funding to ensure it remains at the forefront of the booming sector.
Burberry lost almost £1 billion off its market capitalisation on Monday, following the announcement that CEO Marco Gobbetti is to leave, as worries over who will continue to lead its strategic transformation surfaced.