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Tapestry and Capri Holdings defend merger plans after FTC bombshell
After news that the FTC in the US wants to block Tapestry’s takeover of Capri Holdings on competition grounds, both companies have issued statements defending their plans.
Luxury
US FTC sues to block $8.5 billion takeover of Capri by Tapestry
The U.S. Federal Trade Commission on Monday sued to block Tapestry's $8.5 billion deal to buy Capri saying it would eliminate "direct head-to-head competition" between the brands of the two luxury handbag makers.
Luxury
Central's search for new Selfridges partner goes on, reportedly in talks with possible buyers
Middle Eastern and Chinese investors are reportedly eyeing a Selfridges stake as Thailand-based Central Group continues to seek an owner-partner to replace failed co-owner Signa.
Fashion
Valentino Chairman bets quiet luxury is over after Michele hire
The fashion industry’s era of so-called quiet luxury is over and affluent consumers will want bold designs again, the chairman of Valentino has predicted.
Luxury
TikTok announces Preowned Luxury category, UK's 'big 5' resellers sign up
TikTok Shop has just launched a Preowned Luxury category in the UK and US, which it said will “enable the community to browse and purchase authentic luxury fashion without ever having to leave TikTok”.
Fashion
Alexander McQueen: Gaelle Collet appointed brand and communications director
Kering's British label has appointed Gaelle Collet, who has worked for Chanel, Dior, Saint Laurent and Celine, among others, as head of brand and communications.
Luxury
Sojo launches Pledge to Repair at Institute of Positive Fashion Forum
The BFC’s 2024 Institute of Positive Fashion Forum has wrapped up with the big news being a call from Sojo for the UK fashion industry and its customers “to get behind Care & Repair in a bid to reduce textile waste”.
Fashion
Represent to launch Metallica collab
Represent will launch a collaboration with Metallica on 24 April with TikTok star Huddy starring in the campaign. The British luxury streetwear label said it “marks a full circle moment” for the brand”.
Fashion
Pierre-Louis Mascia is set to host inaugural runway show at Pitti Uomo
As a seasoned participant of the Florentine fair, Toulouse-based designer Pierre-Louis Mascia is preparing for his runway debut, unveiling his Spring 2025 collection at a meticulously planned show on Thursday, June 13.
Luxury
Nordstrom to evaluate founding family's interest in pursuing take-private deal
Nordstrom said the founding family behind the retailer had shown an interest in pursuing a potential go-private deal, prompting its board to form a special committee of independent directors to evaluate any proposal.
Fashion
Neiman Marcus launches Balmain Beach Club
Neiman Marcus has teamed up with fashion house Balmain to introduce an exclusive collection and immersive customer activation.
Luxury
Michael Kors Collection store opens on Rodeo Drive
Michael Kors opened on Thursday a Michael Kors Collection store in Beverly Hills, marking the North American debut of a new store concept for the designer’s Collection boutiques.
Luxury
LVMH highlights its socio-economic impact at its Annual General Meeting
For once, Bernard Arnault, CEO of the world's number one luxury goods group, and his teams emphasised the group's social approach at its Annual General Meeting in Paris on Thursday morning.
Luxury
Valentino is new International Booker Prize event sponsor
Valentino has formed a new cultural partnership and has been announced as the sponsor of the International Booker Prize 2024 ceremony.
Luxury
Gucci's next cruise show to be held at the Tate Modern in London
The Kering label has announced a three-year partnership with London's leading museum of modern and contemporary art to promote young designers, and will be showing its Cruise 2025 collection at the museum on May 13.
Luxury
Jacquemus opens first store in Middle East
French label Jacquemus is keen to strengthen its international presence. After opening in Paris and South Korea, designer Simon Porte Jacquemus has inaugurated a third store, in Dubai, in the United Arab Emirates.
Luxury