The brand development and licensing company confirmed with Fashion Network the acquisition of Hervé Léger. The French fashion house was acquired by Marquee Brands in August 2017 with the BCBG portfolio.
Global Brands announced a new three-year plan and the goal of $5 billion in revenue by 2020. The new plan builds on the company's current fiscal year results that included an 11.6% increase in revenue.
French investor Eurazeo, which has major holdings in Moncler and Desigual, wants more fashion investments after launching Eurazeo Brands, to expand into "European and US brands with international growth potential."
Hong Kong’s Global Brands Group is to manage Juicy Couture in Europe and will kick off its new remit with a major push in the UK. Juicy is also targeting menswear growth with a capsule collection called Dirty English.
The Smiley Company has announced a major shake-up of its Greater China operations and has inked a new partnership deal with Walton Brown. The firm has become Smiley’s exclusive licensing agent in Greater China.