Italian ‘buy now, pay later’ specialist Scalapay has completed a funding round worth €131 million ($150 million), that will enable the company to bolster its personnel growth and international expansion plans.
Kendall Jenner is being sued by Italian fashion brand Liu Jo for allegedly breaching the terms of a modelling contract requiring her to appear for two photoshoots, according to a legal complaint filed by Liu Jo.
An in-depth look at how Covid-19 has amplified the importance of financial resources for the fashion and luxury sector, amidst share buybacks, green bonds, state funding, recapitalisations and calls to investors.
After bailing out menswear label Corneliani, the Italian government is supporting the growth of womenswear label Liu Jo via a €15 million loan by state-controlled investment bank Cassa Depositi e Prestiti.
The boss of Liu Jo and of the Eccellenze Italiane fashion group has spoken to FashionNetwork.com about his plans to relaunch Blufin, the parent company of luxury label Blumarine, which Marchi bought in 2019.
With 64 fashion show, both physical and digital, the calendar of the upcoming Milan Fashion Week is a packed one, marked by the comebacks of Valentino and Dolce & Gabbana, while Gucci is taking a pass.
The programme for the Milan Fashion Week, scheduled from February 18 to 24, features a wealth of new talent, notably from China, Hungary and Africa, plus Emilio Pucci’s catwalk come-back and a host of other events.