Sources have said that Chinese luxury clothing conglomerate Shandong Ruyi hasn't yet secured financing for its $600m purchase of Swiss luxury brand Bally, despite two years having passed since the deal was done.
The French fashion firm is set to open a new pop-up store in Madrid on 11 March. The 160 sq m space will feature Sézane’s L’Appartement retail concept, which also shapes its stores in Paris and London.
The womenswear label owned by the SMCP group, busy trying to redefine its style, has infused fresh zest into its range with a capsule collection co-created with Maroussia Rebecq, designer of the Andrea Crews label.
French premium fashion group SMCP continues to outperform the market and on Wednesday, its Q4 and full-year sales figures showed just how strong it is, even though it has had to deal with some major headwinds.
Another big name has just announced that its banning the use of fur in its products with the Karl Lagerfeld brand singing up to be fur-free. AM Retail Group, which operate’s Lagerfeld’s stores, will also stop using fur.
Aquascutum’s Chinese owner is the subject of a potential lawsuit over unpaid invoices, as fears over a liquidity crisis persist. A Portuguese fabrics firm called Calvelex is expected to take it to court this week.