Lanvin has held initial talks with Haider Ackermann in recent weeks as its new Chinese owners search for a creative director. However, it remains unclear whether Fosun International will hire him, sources have said.
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.
French fashion group SMCP , owner of brands Sandro, Maje and Claudie Pierlot, on Wednesday reported a 18.6% rise in adjusted core profit for 2017 and forecast margins would further increase in 2018 to around 17%.
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.
Upscale Australian department store chain David Jones saw A$712 million being slashed from its value on Thursday as South African owner Woolworths booked an impairment charge linked to the underperforming business