Playboy-owned Honey Birdette, the upscale lingerie label, is targeting more UK stores with a focus on London. It wants to secure two new London sites, doubling its presence in the city, after UK sales surged in 2020.
With Topsoho likely unable to repay the €250 million bond debt that matured on Tuesday, its creditors could acquire a 53% stake in Topsoho-owned SMCP, only to perhaps decide to sell it, as FashionNetwork.com has learned.
European Topsoho, owner of the SMCP group and a subsidiary of China's troubled Shandong Ruyi group, seems unable to repay its bond debt maturing on Tuesday, and its creditors might acquire a stake in the company.
Alber Elbaz, who died Saturday, created collections for a half-dozen fashion houses including his own, though it was a 14-year tenure at Lanvin that earned him a place among the Pantheon of great all-time designers.
The private equity firm has taken a majority stake in the digital-native clean beauty brand, an investment that values the Santa Monica, California-based company at $1 billion and sets it up for accelerated growth.
Following months of rumours of a possible stake sale of luxury, street and sports retailer END., The Carlyle Group has announced that it's buying control of the firm following recent exits from Golden Goose and Supreme.