Luxe eyewear giant Safilo saw its business in the US recovering in Q3 and Europe being on the road to recovery, both regions offsetting a weaker Asian market and the loss of some key licences (such as Dior and Fendi).
Acquired by the UK-based luxury e-tailer in 2019, New Guards Group has acquired 60% of Palm Angels, the high-end streetwear label founded by Francesco Ragazzi, which has seen strong growth over the last two years.
The pandemic has triggered a drastic transformation in the relationship between fashion houses and investment funds, which now tend to forge stronger bonds with labels in order to support them in the long term.
Max Mara's Max&Co has teamed up with Margherita Maccapani Missoni in the first of a new series of of design partnerships entitled &Co.llaboration, as the Italian creator returns to design after a six-month hiatus.
It was the young brands that offered up the most original runway shows in Milan on Friday, from Act N°1's live chamber orchestra and crinolines, to the hypnotic afterparty-like lighting effects at Sunnei.
Friday morning in Milan was all about two labels built on Italian savoir-faire – Tod’s and Missoni, but where the former staged its best-ever ready-to-wear collection; the latter lost its way under a new designer.
The Milan women’s fashion week starts on Tuesday with a schedule of 173 events, 65of them catwalk shows, featuring the return of Cavalli, Versace and Jil Sander, MM6’s first physicalshow and many interesting new names.
The Middlebury, Connecticut-based watchmaker announced on Wednesday that it has signed a strategic licensing agreement to produce timepieces for the American luxury brand owned by Authentic Brands Group since 2013.