The key fashion moment of Milan Fashion Week so far was the 40th anniversary Emporio Armani show on Thursday, a rich and varied collection that was followed by a brand retrospective opening in Armani Silos.
The minimalist beauty brand launched by Who What Wear co-founder Katherine Power earlier this year has announced that it has completed a $20 million Series A funding round led by LVMH-backed L Catterton.
Italy’s biggest make-up supplier Intercos has dusted off plans to list on the Milan stock exchange and is looking to launch its initial public offering in October or November, three sources said on Thursday.
Etro has appointed Fabrizio Cardinali as its CEO, effective in Q4. The company said he brings “more than 25 years of strategic leadership expertise and an unmatched track record in the luxury fashion space”.
On August 28, the French fashion label introduced its Casa Ba&sh concession at the Parisian department store, featuring womenswear as well as home decoration items designed by Minuit, Baobab and Mirlo.
Covid has forced the Italian luxury industry to step up the pace of its transformation and search for investors, as shown by Zegna announcing a forthcoming stock market listing, and L Catterton’s acquisition of Etro.
Just a day after news that L Catterton will take a stake in Etro, Ermenegildo Zegna said it will list its shares in New York and is combining with Investindustrial Acquisition Corp, which will be a minority shareholder.