Italy’s Borsalino, one of the world’s most famous hat makers and known for Humphrey Bogart’s fedora in the film “Casablanca”, has been rescued by Haeres Equita, a group of investors led by a Swiss-Italian financier.
The art of reviving an esteemed but almost moribund brand – a skill in which the French have few equals – is one very much in evidence at Vuarnet, as it opens a brand-new flagship in New York's Nolita on Bastille Day.
Asos powered ahead in SS18 as the UK, US and EU markets all bought into its offer in large numbers. And full-price trading has continued strongly during July, apparently with no negative impact from the heatwave.
Perry Ellis International Inc is moving forward with its buyout deal with founder George Feldenkreis and is one step closer to closing the deal, despite a higher competing offer from Randa Accessories Leather Goods.
Potential buyers had until July 9th to come forward and FashionNetwork.com has learned that three offers have been made, including one by Carven perfume licensee Bogart. The brand, however, is keeping its options open.
South African retailer Steinhoff, said on Wednesday it had begun a process with creditors for a “lock-up agreement”, which once completed could allow the restructuring of huge debts within three months.
Cosmetics firm Swallowfield has had a generally good year, despite a few challenges, with its trading “broadly in line with expectations” and revenues set to be similar to those reported in the prior year.