Lycra has gained new ownership, with creditors of its former parent company Shandong Ruyi Technology Group taking full equity control after the Chinese fashion conglomerate defaulted on a $400 million loan.
Menswear’s two most defiantly artistic designers – Craig Green and Jonathan Anderson – began Saturday with two strikingly unique visions in Paris, before Hermès presented a salutary lesson in nonchalant chic.
After leaving his position as CEO of French event sales site Showroomprivé in December, Thierry Petit has sold his 17.61% stake in the company. Eric Sitruk, soon to own a 7.5% stake, is set to become a board member.
Scotch & Soda is continuing its European expansion plans and has just opened its first directly operated store in Italy. It’s located on Milan’s Via Alessandro Manzoni, one of the main fashion destinations in the city.
London-based jewellery brand Astrid & Miyu has marked its 10th anniversary with the debut of its first permanent international store in New York. The opening follows a number of pop-ups in the city in previous years.