Looks like Nicolas Ghesquière may, finally, be about to open his own fashion label. Though perhaps not next season. This weekend on French TV, he suggested creating his own brand was “much closer to reality.”
In a short statement on Monday, French Connection confirmed what had been rumoured for some time with the company saying that it’s looking at its strategy options and one of those could include a sale.
Kolkata-based value fashion retail chain CityLife Retail will invest around Rs 150-200 crore (approx $20 to $27 million) to expand its retail presence across India and plans to open 40-50 stores every year.
The sustainable company, which is soon to open a Barcelona store, is growing thanks to its corners in El Corte Inglés; its arrival at Galeries Lafayette and a presentation of its new shoe in Paris' Nous concept store.
The Paris Commercial Court will deliver its decision on 12 October, but Carven seems to have found its savior in the Chinese group Icicle, with all in favour of a total takeover, FashionNetwork.com has learned.