Aquascutum’s Chinese owner is the subject of a potential lawsuit over unpaid invoices, as fears over a liquidity crisis persist. A Portuguese fabrics firm called Calvelex is expected to take it to court this week.
An intense men’s fashion week starts in Paris on Tuesday, with the ‘Karl for Ever’ event and 60 catwalk shows, including rookie labels Bode, Phipps, Ludovic de Saint Sernin and Sies Marjan, and Balmain’s gig-show.
Ruyi Fashion Holding Group, the Chinese textile manufacturing group that controls France’s Sandro, Maje and Claudie Pierlot (SMCP), is still in the market for acquisitions, its chairman said on Monday.
High-end Swiss leather goods brand Bally made its biggest underlying profit in a decade last year, buoyed by growth in the United States and Japan, Chief Executive Officer Frederic de Narp said in an interview.
Speculation that Shandong Ruyi was in talks to buy the UK’s Arcadia Group may have been denied by both parties but it has certainly focused attention on the Chinese firm’s global ambitions in the fashion sector.
The menswear label owned by Hong Kong company Trinity (of the Li & Fung group) announced the appointment of Laurent Grosgogeat as General Manager. He has over 20 years' experience in the luxury goods industry.