France's LVMH faces an uphill battle in walking away from its $16 billion deal to buy U.S. jeweler Tiffany & Co, with legal experts noting most mergers which end up in court are renegotiated rather than dissolved.
The Crown Estate, like other major landlords, is aiming to conserve as much cash as it possibly can and has delayed the payment of its annual income to the Treasury in the face of a shortfall in rent payments.
Finnish textiles-to-fashion firm Marimekko has updated its guidance saying net sales will be lower for the full year while comparable operating profit could be at a similar level to last year, but might also be lower.
Raf Simons has announced plans to show his signature collections next month, when the Belgian designer will finally debut a women’s collection some two and a half decades after launching his own label.
The French shopping centres giant has updated on footfall, sales and rent collections, as well as announcing a plan to “strengthen its balance sheet and increase financial flexibility to execute its long-term strategy”.
Italian fashion entrepreneur Claudio Antonioli has acquired Antwerp-based Ann Demeulemeester. The designer, who exited her label in 2013, welcomed the news that the New Guards Group co-founder has taken control.
The brand ownership and licensing company announced a 22% drop in second-quarter revenues on Wednesday and outlined some of the challenges it anticipates that it will face as the coronavirus crisis evolves.
A decade ago, Arkadiusz Likus opened Vitkac, realizing a dream – launching Warsaw’s one and only truly fashionable department store. And he honed his game plan from a famed fashion executive, the late Yves Carcelle.