The question on everyone one’s mind entering the latest Stella McCartney show inside Paris’s legendary Opera was: Will the lady buy back the half of the company owned by her partners, French luxury group Kering?
Italian eyewear group Safilo can make up for the potential loss of design-to-distribution deals with French luxury group LVMH with new licences and by expanding its own brands, its chief executive said on Friday.
Italian prosecutors have ordered the "preventive seizure" of assets worth 1.3 million euros from Roberto Vedovotto, former CEO of eyewear group Safilo, as part of an investigation over alleged insider trading.
The announcement of the imminent end to the Italian eyewear company’s license for Gucci has caused its stock to tumble on the stock exchange in Milan. The company is also in danger of losing other Kering licenses.