
Matchesfashion has poached Amazon executive Ajay Kavan to be its new CEO, replacing Ulric Jerome. He has been a vice-president at Amazon for the past nine years, and will join the luxury fashion retailer on 19 March.
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Matchesfashion has poached Amazon executive Ajay Kavan to be its new CEO, replacing Ulric Jerome. He has been a vice-president at Amazon for the past nine years, and will join the luxury fashion retailer on 19 March.
The Pinault family's holding company, which controls the French luxury group, has plans to take a stake in Farfetch when the British second-hand luxury fashion marketplace launches its IPO.
Matchesfashion went from strength to strength in the year that it was bought out with revenues up 44% and profits up 34%. And importantly, as much as 82% of its business was generated outside its home market, the UK.
The eponymous label will open its debut store in SoHo, New York, on West Broadway, in a space previously occupied by DKNY.
The label grew 30% in 2017, and is combining its menswear lines to reach a younger clientèle in Europe, while broadening the range via capsule collections and licenses.
The Rockport Group is exploring its options, including a possible sale, after one of the U.S. footwear maker’s major debtholders took ownership of the company, people familiar with the matter said Wednesday.
Last Saturday, at the Vogue Paris Fashion Festival, the ubiquitous German fashion designer talked about his work; Chanel; Fendi; his own eponymous label and emerging French designers.
Matchesfashion confirmed Friday that private equity giant Apax has won the bidding war and is taking a majority stake in the luxury omnichannel retailer for a price rumoured to be around £800 million.
The sale process at Matchesfashion seems to be moving fast with private equity giant Apax reported to be in the lead to snap up a controlling stake in the expanding luxury e-tailer.
Is Matchesfashion set to be the latest business snapped up by an investment fund? Rumours have been swirling around the luxury e-tailer for months, but now it seems it really in in talks with investors about a takeover.