The bid for a 100% stake in Roberto Cavalli by the Dubai property group, made via a subsidiary, has convinced Cavalli’s current owner Clessidra, the label and the tribunal, but a final court ruling is still required.
The first set of results from Watches of Switzerland since the company's May IPO have shown just what attracted investors to the business. Pre-tax profit surged and its revenues rose in high double-digits last year.
London-based Koovs, the fast fashion e-tailer that targets the Indian market, has had plenty of challenges to deal with in the last few years, but its recent funding and trading boost have put it back on track.
Grupo Sanborns, part of the group of companies owned by Mexican billionaire Carlos Slim, announced on Monday that it has reached an agreement to buy an 18.27% stake in Miniso, taking its total interest to 33.27%.
Philip Green’s fashion empire Arcadia Group on Tuesday said it received applications from legal entities of U.S.-based property group Vornado challenging two of its seven planned Company Voluntary Agreements (CVAs).
Troubled womenswear giant Gerry Weber said late Monday that it has reached “a milestone for securing the company's future,” with a new deal under which it will be fully taken over and existing shareholders will exit.