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.
The fashion industry is continuing to be “too slow” to deliver details on ethical practices, according to a new report by The Fashion Transparency Index, which tracks 250 of the world’s biggest brands and retailers.
Italian clothing retailer OVS said on Monday it would keep its “limited presence” in Myanmar but would stop its business with suppliers acting in a discriminatory way towards workers involved in rallies against the co...
After announcing the closure of 500 stores in Europe, and 600 redundancies in Spain, the beauty retailer has merged its Italian, Spanish and Portuguese subsidiaries, now all led by Italy’s former country manager.
Italian label Stefanel has officially been bought by budget fashion retailer OVS, in an operation worth €3.2 million. OVS is planning to tap industrial and commercial synergies between the two businesses.
According to consulting firm Pambianco, the top fashion and luxury performers on the stock market last year were sportswear brands and French luxury groups. Italian luxury labels were flat, save for Moncler and Prada.