Italian fashion group OTB has joined a consortium formed by luxury goods heavyweights LVMH, Prada and Cartier that uses blockchain technology to trace the origin of high-end products to fight counterfeiting.
The Union Ministry of Textiles has issued a notification to clarify that only textile manufacturing businesses registered in India will be eligible for its recently approved production-linked incentive scheme.
Emma Raducanu is fast becoming one of fashion’s favourite sports stars. Only a week after appearing as a last-minute addition to the Met Gala red carpet in a Chanel dress, she’s been confirmed as a Tiffany ambassador.
Covid has forced the Italian luxury industry to step up the pace of its transformation and search for investors, as shown by Zegna announcing a forthcoming stock market listing, and L Catterton’s acquisition of Etro.
In a month that's shaping up to be huge as far as luxury deals are concerned, the latest news is that LVMH is boosting its stake in Off-White. Virgil Abloh's streetwear label will now be 60% owned by the French giant.