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LVMH's takeover of Tiffany seen as uncertain
LVMH's $16.2 billion takeover of Tiffany & Co is looking less certain as the jeweler grapples with a deteriorating situation in the U.S. market brought on by a global pandemic and severe social unrest.
Luxury
Business
Reitmans to close Addition Elle and Thyme Maternity stores, cut 1,400 jobs
Reitmans is exiting two of its five fashion banners, as it attempts to reposition the company “for long-term success”, the fashion retailer announced on Monday.
Fashion
Business
Jigsaw withdraws from Australia
Jigsaw has closed its stores and e-tail site in Australia to focus on its operations in the UK. The British clothing brand said the decision to exit Australia was due to the coronavirus crisis.
Fashion
Retail
After fundraising, Ted Baker founder is no longer biggest shareholder
Ray Kelvin has seen his stake slashed by 55% to just 15.8% following a £105 million fundraising to support the brand through the coronavirus pandemic.
Fashion
Business
Design
Hyères Fashion Festival to be held on October 15-19
The event, previously postponed due to the Covid-19 crisis, will be held on October 15-19 under the aegis of jury presidents Jonathan Anderson, Paolo Roversi and Hubert Barrère, featuring a new prize sponsored by Hermès.
Fashion
Design
A Common Thread names Bode, Rodarte, Brother Vellies and Rachel Comey among first round of grant recipients
The CFDA and Vogue's Covid-19 relief fund announced that $2.13 million will be distributed to 44 businesses in the fund's first round.
Luxury
Design
Tomorrow and Alessandro Dell’Acqua’s N21 form strategic partnership
London-based consultancy Tomorrow has announced a “360-degree” partnership with Italian RTW brand N21. The strategic partnership will span distribution, events, strategy and a mentorship programme for emerging talent.
Luxury
Industry
Dolce & Gabbana on DGfattoincasa; handling the lockdown; and their next runway steps
Few fashion designers have had as much impact in the past three decades as Domenico Dolce and Stefano Gabbana. With FashionNetwork.com the duo discuss DGfattoincasa; handling the lockdown and their next runway steps
Fashion
Design
Appointments
Daniel Grieder steps down as CEO Tommy Hilfiger Global and PVH Europe
US fashion group PVH Corp. has announced the departure of its head of Europe and of Tommy Hilfiger’s global business. After 23 years with the group, Grieder will be replaced by current PVH Corp. COO Martijn Hagman.
Fashion
Appointments
Rebekka Bay becomes Marimekko creative director
Marimekko has named former Gap creative chief Rebekka Bay as its new Creative Director, starting in September.
Fashion
Appointments
Coty appoints Chairman Peter Harf as CEO
Cosmetics maker Coty Inc said on Monday it has appointed Chairman Peter Harf as the chief executive officer of the company, its fourth in as many years, as it tries to turn around its business.
Beauty
Appointments
Coty appoints Gordon von Bretten as chief transformation officer
Coty announced on Thursday the appointment of KKR executive Gordon von Bretten as chief transformation officer.
Beauty
Appointments
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Agenda
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