Wolford has inked an agreement with Adidas to collaborate on a series of new seamless performance garments with the emphasis on all-day wearability. This debut collaboration will be launched on November 2.
Jean-Philippe Hecquet has left his position as CEO of Lanvin in a major management overhaul of the brand, which happens to be the oldest haute couture house in Paris. The decision is effective immediately.
Few groups have excited as much attention in luxury in the past few years as Fosun, a giant Chinese conglomerate that has gradually built up a significant position as a player in fashion and elegance in Europe.
Wolford suffered in Q1 as hosiery proved unpopular in the heatwave, but it made fashion missteps too. However, a new video-based VM concept has helped push up sales of promoted products, especially to younger consumers.
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.
Lanvin's new owner, Chinese conglomerate Fosun, has announced that it has finalised its acquisition of a majority stake in luxury underwear label Wolford, becoming the brand's owner with 51% of its shares.