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LVMH says submits disputed Tiffany takeover for EU clearance

LVMH says submits disputed Tiffany takeover for EU clearance

LVMH said it had submitted its takeover of Tiffany, which is now at the centre of a legal dispute between the two groups, for EU approval as it seeks to counter accusations that it stalled antitrust proceedings.
Luxury
Roberto Cavalli CEO Gian Giacomo Ferraris to step down before end of 2020

Roberto Cavalli CEO Gian Giacomo Ferraris to step down before end of 2020

The CEO, who has led the Tuscan brand since 2016, is stepping down from his role, but will remain at the company for a transition period lasting until the end of the year.
Luxury
In row with Tiffany, LVMH may find that most sales are final

In row with Tiffany, LVMH may find that most sales are final

France's LVMH faces an uphill battle in walking away from its $16 billion deal to buy U.S. jeweler Tiffany & Co, with legal experts noting most mergers which end up in court are renegotiated rather than dissolved.
Luxury
Christian Cowan and Lil Nas X team up for LGBTQ+ Black youth

Christian Cowan and Lil Nas X team up for LGBTQ+ Black youth

British designer Christian Cowan and American rapper Lil Nas X worked hand in hand to propose a collection whose benefits will support the Black queer community in Atlanta.
Luxury
Watchmaker Maurice de Mauriac has a mechanism to avoid supply crunch

Watchmaker Maurice de Mauriac has a mechanism to avoid supply crunch

Swiss watchmaker Maurice de Mauriac is confident it can find a new supplier for watch mechanisms to maintain production as it battles an industry-wide drop in demand due to the Covid-19 pandemic.
Luxury
Edward Crutchley’s Yakuza wives confirm him as a truly major talent

Edward Crutchley’s Yakuza wives confirm him as a truly major talent

Few designers in London today pack as much punch and panache as Edward Crutchley, whose latest collection was an ode to a beautifully histrionic Yakuza gangster film, and all the better for that.
Fashion
London Fashion Week: Day two offers a funky fashion restoration

London Fashion Week: Day two offers a funky fashion restoration

London rocked on Friday with acclaimed historicism and unexpected street wear. Practically no actual shows yet plenty of ideas in some memorable videos, as fashion designers suggested their customers should rage. 
Fashion
'Local' London destinations almost back to full health but West End slumbers

'Local' London destinations almost back to full health but West End slumbers

​Footfall to London’s West End remain down by around half year-on-year even though visitor traffic to more ‘local’ London retail destinations is on its way to a full recovery.
Fashion
Regent Street landlord Crown Estate hangs on to cash to survive the pandemic

Regent Street landlord Crown Estate hangs on to cash to survive the pandemic

​The Crown Estate, like other major landlords, is aiming to conserve as much cash as it possibly can and has delayed the payment of its annual income to the Treasury in the face of a shortfall in rent payments.
Fashion
Marimekko issues improved guidance, but uncertainty remins

Marimekko issues improved guidance, but uncertainty remins

​Finnish textiles-to-fashion firm Marimekko has updated its guidance saying net sales will be lower for the full year while comparable operating profit could be at a similar level to last year, but might also be lower.
Fashion
Roland Mouret debut on Amazon's luxury platform

Roland Mouret debut on Amazon's luxury platform

As Amazon launches into luxury fashion and the debate rages about whether that’s a good thing or not, one major London name is backing the move.
Fashion
Aspinal of London CVA to mean store closures

Aspinal of London CVA to mean store closures

​Aspinal of London is the latest British retailer to launch a CVA proposal as the effects of a pandemic have made its current business model unviable.
Fashion
Rent the Runway cuts unlimited membership plan

Rent the Runway cuts unlimited membership plan

The designer clothing rental service has announced that it is discontinuing its unlimited membership in favor of a new pricing structure allowing subscribers to rent four, eight or 16 pieces a month.
Fashion
On its final day, NYFW fuses fun and activism

On its final day, NYFW fuses fun and activism

The final day of this New York fashion season concluded with a surprise collaboration between Christian Cowan and Lil Nas X, a voter registration campaign from Tanya Taylor, and a backyard party from Christian Siriano.
Luxury
Italian leather goods, footwear sectors post dire H1 results

Italian leather goods, footwear sectors post dire H1 results

On the eve of the Mipel and Micam trade shows, data from Confindustra Moda's Research Centre spelled out the severe difficulties faced by the Italian leather goods and footwear industries due to the Covid-19 crisis.
Luxury
LVMH, Tiffany wrangle over court dates after acquisition turns sour

LVMH, Tiffany wrangle over court dates after acquisition turns sour

LVMH tried on Thursday to block an attempt by Tiffany to fast-track legal proceedings in the United States to force the French luxury group to honor an acquisition deal agreed last year.
Luxury