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...In addition to housing the controlling stake in luxury group Kering and the family’s art collection, Artémis also has investments in sports apparel brand Puma, vineyards, luxury fashion brands Courrèges...
...MainFT, last night: The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants...
...FTC tries to prevent ‘accessible luxury’ dominance The US Federal Trade Commission is cracking down on Big Purse....
...The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants LVMH and Kering....
...Almost 300 Matchesfashion employees lost their jobs on Friday after Frasers Group put the UK luxury clothing retailer into administration less than three months after buying it....
...to local Marche communities and his appearances on Italian television touting the benefits of giving back to workers and disadvantaged groups — although they added that smaller luxury groups “struggle”...
...Jefferies chief executive Rich Handler has sold $65mn of his stock in the Wall Street investment bank to buy a luxury yacht from longtime client Tilman Fertitta....
...Yet the pop-up in Gstaad is an outlier: since the 1960s St Moritz has been the main hub for luxury ski apparel....
...Flutter proposes moving listing from UK to New York (FT) Arc’teryx apparel maker Amer Sports considers IPO price below range (FT) Private equity firm McWin buys €80mn restaurant group Sticks’n’Sushi (...
...“No diversified luxury brand has this distinctive connection to the culture of writing and has played such an important part in its evolution over the past 115 years.”...
...While athleisure wear is seen as more resilient than luxury wear, it is not immune to economic headwinds....
...luxury apparel brand Ports leading the way on reducing direct emissions in recent years....
...“LVMH is bringing in [Beccari] to do what he did with Dior, which was to create really fantastic fashion and apparel.”...
...The luxury sneakers do, however, successfully signal to a select group of people that you are rich. The problem is that to a different select group of people, they signal that you are an idiot....
...Citizens of Humanity is the first apparel group to work with US cotton growers....
...But on Thursday morning, the bank announced Rickenbacher was leaving after it wrote off its entire $700mn exposure to beleaguered Austrian luxury property developer Signa....
...Listings expected soon in Europe include Permira-backed Golden Goose, the Italian luxury sports shoe brand, and Puig, the Spanish beauty and fashion group behind brands including Charlotte Tilbury....
...Jacobs describes himself as a “Bitcoiner” on X and is the co-founder of FOMO21, a bitcoin apparel and merchandise shop....
...Elon Musk made Tesla the world’s most valuable carmaker and one of the “magnificent seven” US tech groups by outflanking incumbents in luxury EVs....
...For Toyota, hybrid sales increased 47 per cent year on year in the December quarter, far outpacing total group sales growth of a tenth. In Asia, the trend is even more pronounced....
...That is not much comfort to the luxury fashion groups that have been battling counterfeit handbags made in China for decades. But at least now they have some company....
...The acquisition marks the 28th during his tenure and aims to strengthen Campari’s market position in the aged and luxury spirits segments....
...BGC claimed that some of the proceeds of the alleged fraud had been spent on 18 properties in England and luxury jewellery from Cartier and Bulgari....
...Tapestry said the acquisition would expand its portfolio in the “$200bn+ global luxury market for handbags, accessories, footwear and apparel”....
...It competes against UK-based Depop, and Vestiare Collective, in which French luxury group Kering owns a minority stake....
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