German e-tailer Mytheresa has said that it has received clearance to acquire Yoox Net-a-Porter (YNAP) from the European Commission. With this, the company has now secured all necessary approvals from regulatory authorities to move forward with the sale and plans to close the transaction by April 23, 2025. Mytheresa had first announced its...
20 hours ago
When Prada this week confirmed its acquisition of Versace for 1.25bn euros it was both a business transaction as much as a symbolic repatriation of Italian heritage. As the dominance of French conglomerates LVMH and Kering has become the established order in luxury fashion—owning Italian crown jewels from Fendi to Gucci—the Prada Group's...
The Watches of Switzerland (WOS) Group has confirmed to the BBC that it is planning on closing 16 of its showrooms, putting “dozens” of roles at risk. The company, which is partnered with the likes of Rolex, Omega, Cartier and TagHeuer, said 40 people were “expected to leave the business”, with some staff to also be redeployed. In a statement to...
21 hours ago
As the US stock market continues to fall into negative territory over the latest tariff changes, individuals around the world seek out more stable and secure alternatives for investing. From gold to arts and collectibles, some of the most sought-after investment pieces in the fashion industry have long included Rolex watches and the ever-iconic...
When you’re a wedding company, like American bridal house Justin Alexander, creating gowns under numerous brand names, how do you showcase them to buyers and press with one event? How about a faux Italian-inspired wedding day in the romantic and luxurious setting of a castle in Rome, Italy? The Justin Alexander ‘Delivering on a Dream' event at...
Finnish textile technology company Spinnova Plc, known for its collaborations with Adidas, Marimekko, and Icebreaker, among others, has announced a major restructuring. Due to disappointing results and high costs, the company aims to "adapt its organisational structure to the current development phase and changed market conditions," according to...
1 day ago
Almost 100 fashion brands - from up-and-coming designers to major fashion groups - presented their collections during Shanghai Fashion Week. The variety of styles was extensive, ranging from minimalist, casual to avant-garde. Some ingredients, however, could be found across catwalks. Here are six autumn/winter 2025 trends from China. Fringe...
The Prada Group intends to take its time with the relaunch of Versace. During a conference call on April 10, following the announcement of the Prada Group's acquisition of Versace, Andrea Guerra, CEO of the Prada Group, and Lorenzo Bertelli, head of corporate social responsibility for the group, stated that the next steps to fully unlock the...
11 Apr 2025
Rag & Bone is set to explore a new division. As part of a new five-year licensing deal with Sequel, the New York brand will be developing a line of premium watches under the watchful eye of its parent companies, Guess and WHP Global. Sequel, a subsidiary of Timex Group, has already been a long-term licensee partner to Guess, working with the...
G-III Apparel Group has secured a new strategic licensing agreement with Aldo Product Services (APS), a subsidiary of the Aldo Group, for the accessory line of the brand G.H.Bass. Through the seven-year exclusive deal, APS will be responsible for the design, manufacturing, distribution, marketing and sale of G.H.Bass footwear, bags, and small...
French fashion conglomerate SMCP Group has named Kleine Tan as the new chief executive officer for its Asian business. He succeeds Jimmy Lam, who is stepping down from the role to “pursue new opportunities outside of the group”, a press release said. Tan, who took up the position from April 1, joins SMCP from LVMH, where he most recently served...
After months of anticipation, ultra-fast-fashion retailer Shein has secured approval from the UK's Financial Conduct Authority (FCA) for its London IPO. The information was disclosed by Reuters. Following the submission of documents for its IPO in June 2024, Shein faced several obstacles. Amid concerns regarding workers' rights in its supply...