Carlyle Group is set to close its biggest-ever Asia private equity fund at $6.5 billion, people with direct knowledge of matter said, in a deal that adds to the record levels of funds seeking deals in the region.
Lanvin's new owner, Chinese conglomerate Fosun, has announced that it has finalised its acquisition of a majority stake in luxury underwear label Wolford, becoming the brand's owner with 51% of its shares.
India’s gold imports fell for a fourth straight month in April from a year ago to 57 tonnes on subdued demand after local prices jumped to the highest level in nearly 21 months, data from GFMS and bank dealers showed.
Gold crosses, halo-ed headdresses and angel wings filled the red carpet at New York’s Met Gala on Monday, as some of the world’s biggest celebrities embraced the religious theme of the so-called Oscars of the East Coast.
Luxury group Salvatore Ferragamo said on Monday it expected 2018 results to be undermined by currency swings and an unfavourable mix of its sales channels, after posting first quarter results in line with expectations.
Sunday saw the opening of the Italian luxury brand’s new NY digs on SoHo’s Wooster Street, an innovative retail destination channeling the neighborhood’s artistic heritage and proposing original services and experiences.
Burberry has become the latest luxury label to rethink its fur policy and has launched a review. If it chooses an outright ban, it will make Burberry the latest in a raft of luxe brands to go fur-free in the past year.