Passing through Italy, the LVMH group’s managing director gave details about the group’s sourcing strategy and mentioned various projects, from Pucci’s relaunch to the plan to build a Louis Vuitton factory in Tuscany.
In a month that's shaping up to be huge as far as luxury deals are concerned, the latest news is that LVMH is boosting its stake in Off-White. Virgil Abloh's streetwear label will now be 60% owned by the French giant.
ASOS has formed a North American joint venture with US-based multi-channel retailer Nordstrom, which will take a minority interest in the Topshop, Topman, Miss Selfridge and HIIT brands "to help drive their growth”.
France has long had an obsession with American ideas and icons, and enjoyed and profited from re-imagining them with a Gallic touch. The latest is Shiloh Heritage - a marriage of Texas and the Camargue.