Few people have more famous family names in fashion than Patricia Gucci, even if she cannot really use it. A tad unfair, given the quality of her latest project – Aviteur, a new high-end luxury luggage brand.
Few luxury brands have been as quietly busy as Chanel, which has strategically bought stakes in three new businesses and, just this week, unveiled the structure of its new center for artisanal excellence, called 19M.
Luxury conglomerate LVMH has acquired a stake in Madhappy, the American direct-to-consumer casualwear brand, via LVMH Luxury Ventures, an investment vehicle with the group that previously bought into Gabriela Hearst.
The Bombay Stock Exchange partnered with the Federation of Indian Chambers of Commerce and Industry to encourage growth in the Micro, Small, and Medium Enterprise sector at an event with 40 stakeholders.
Louis Vuitton owner LVMH on Wednesday reported better-than-expected revenue growth for the third quarter, in spite of months of unrest in Hong Kong that have put off tourists and forced luxury labels to shut stores.
Chanel is working on a new operation in the leather sector, and is about to finalise the acquisition of the Degermann tannery, a calfskin specialist, as Degermann itself confirmed to FashionNetwork.com.
The company set up from scratch in 2014 by luxury group Kering, the industry’s first to internalise its eyewear business, is about to top the €500 million revenue mark, and says it isn’t interested in Safilo.
The luxury giant has appointed Kalpana Bagamane Denzel as chief diversity, inclusion and talent officer. She held the same role at Russell Reynolds Associates, and reports to Béatrice Lazat, Kering’s HR director.
It felt like a scene from a great classic movie, a spy film or romantic comedy set on the rooftops of Paris at Chanel this morning in Paris. It even had a catwalk crasher, and the real life heroine was Gigi Hadid.