The coronavirus crisis has led the label, currently in the midst of a turnaround, to implement layoffs and call an end to its collaboration with Olympia Le-Tan, lead designer of its accessible The Marc Jacobs line.
Audacia, a fund led by Charles Beigbeider, has sold its minority stake in the label A.P.C., acquired in 2012. A.P.C. founder Jean Touitou is now owns 100% of the shares and is not seeking a new investor.
In the wake of collaborations with Alber Elbaz, Jacquemus, and Anthony Vaccarello, Lancôme is renewing its partnership with the world of fashion with Olympia's Wonderland, a capsule collection by Olympia Le-Tan.
Department stores are in a huge state of flux. Europeans are opening new flagships in distant lands, even as Americans close shop. Here in Paris, Bon Marché booms by attracting Parisians and deep-pocketed tourists .