French leather goods brand Longchamp has won a retail space of 95 square metres in the heart of Milan’s famous shopping centre, the Galleria Vittorio Emanuele II. The space was previously occupied by Stefanel.
LVMH is close to acquiring a new perfume brand, Jean Patou, for its portfolio and has done it very much on the quiet. The French conglomerate took management control last year without any fanfare from Designer Parfums.
The partnership will see the prestige beauty business work together with Jennifer Lopez to develop a new strategy to boost her fragrance business globally. The actress' fragrance franchise was previously handled by Coty.
The German Federal Cartel Office has cleared the way for fashion label and retailer Strenesse with the approval of the acquisition by a new owner. The German label has been in bankruptcy proceedings since April, 2014.