Luxury retailer Hervia has been acquired by Parabellum — the private equity operation controlled by Rami Cassis — for an undisclosed sum, marking its first move outside of B2B investments and into luxe fashion.
Couture millinery brand Merve Bayindir has opened its first flagship store in London. Located in Crawford Place, Marylebone, the store “reflects the luxury brand's approach to design, innovation, and sustainability”.
Private equity group Sycamore Partners may have hoped to pick up UK fashion business Ted Baker cheaply. But it's likely to have to pay much more as it confirmed its continued participation in the bidding process.
Chabi Nouri, most recently the CEO of Piaget, is to join the Private Equity division of Mirabaud Asset Management as Private Equity Partner, working alongside David Wertheimer, scion of the family that controls Chanel.
The owner of Hotter Shoes is gearing up for a transformational year as it changes its name, relists on a new exchange and moves into new categories such as clothing, as well as adding third-party brands.