London-listed Koovs has been facing cash flow issues in recent periods and has been focused on preserving cash, but on Monday it said it has struck a deal worth £24 million as part of its financing drive.
Reliance Retail’s subsidiary Reliance Brands is currently in talks to fully acquire the group company Genesis Luxury after acquiring a 40 percent stake from L Catterton in September 2017, sources said.
Trading statements and results announcement are being closely watched at present as some global markets prove to be tough for fashion chains. So H&M was in the spotlight on Friday as it reported Q2 sales up 2%.
Italian state-backed investment fund Fondo Strategico Italiano (FSI) has agreed to buy 41.2% of Italian fashion house Missoni, while former Salvatore Ferragamo CEO Michele Norsa will be appointed as deputy chairman.
The pioneer of fast fashion isn't looking so fast anymore. Inditex , the world's largest clothing retailer and owner of the Zara chain, faces growing competition from younger, online-only players like Boohoo.
Multi-platinum recording artist Nicki Minaj has formed a new fragrance partnership with Luxe Brands. Luxe will reinvent her fragrance franchise which currently centers around her signature scent, Pink Friday.
Puig announced on Thursday that it has taken a majority stake in label Dries Van Noten. The Belgian designer, who founded his eponymous label in 1986, will continue as chief creative officer and chairman of the board.