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India's Aditya Birla Fashion to buy 51% of high-end Sabyasachi

India's Aditya Birla Fashion to buy 51% of high-end Sabyasachi

India’s Aditya Birla Fashion and Retail Ltd said on Wednesday it would buy a 51% stake in the Sabyasachi brand, best known for high-end wedding wear favoured by Bollywood celebrities and rich business families.
Fashion
Business
Freemans owner Otto Group sees soaring e-commerce sales

Freemans owner Otto Group sees soaring e-commerce sales

​Otto Group, the German retail giant that owns the UK’s Freemans and Grattan operations, said on Wednesday that initial forecasts indicate it will close the 2020/21 financial year with online revenues of about €10bn.
Fashion
Retail

Pepco revenues rise in 'golden quarter'

Poundland and Dealz owner Pepco had a good Christmas quarter compared to many in the UK and European retail sectors. But same-store sales still fell 2.1% due to pandemic-linked store closures. Reported revenue rose 9.1%.
Fashion
Business

L'Occitane U.S. files for Chapter 11 bankruptcy, closing unprofitable stores

The U.S. division of L’Occitane en Provence filed for Chapter 11 bankruptcy on Tuesday as it seeks to close unprofitable stores.
Beauty
Retail

Design

Giorgio Armani Privé celebrates girls in the bloom of youth

Giorgio Armani Privé celebrates girls in the bloom of youth

For the first time, the Italian designer has presented his couture collection in Milan, channeling the fresh, carefree attitude of young sophisticates with an aesthetic that is both sober and precious. 
Luxury
Catwalks
Alber Elbaz debuts his brand new democratic brand AZ Factory

Alber Elbaz debuts his brand new democratic brand AZ Factory

Alber Elbaz debuted his brand new AZ Factory Tuesday evening in this week’s Paris haute couture season, marking a dynamic change in direction by one of fashion’s most influential designers.
Fashion
Catwalks

Dior, Chanel turn to arthouse directors for online fashion week

With the pandemic forcing Paris Fashion week online, haute couture designers have turned to celebrated arthouse filmmakers to give a little spectacle to their presentations.
Luxury
Media

Valentino couture: AI from a Roman Palazzo

Paris fashion weeks shows often don’t only take place in Paris anymore. Due to the pandemic, entire seasons now take place online, and many “phygital” shows actually take place in other countries, or even continents. 
Luxury
Catwalks

Appointments

Valextra names Xavier Rougeaux new CEO; Ralph Toledano joins board

Valextra names Xavier Rougeaux new CEO; Ralph Toledano joins board

Italian leather goods specialist Valextra has named Xavier Rougeaux to be its new chief executive officer; while veteran luxury executive Ralph Toledano joins its board. The appointments are effective immediately.
Fashion
Appointments
Walgreens Boots Alliance names Roz Brewer new CEO

Walgreens Boots Alliance names Roz Brewer new CEO

​Health & beauty retail giant Walgreens Boots Alliance has named Rosalind (Roz) Brewer as its new CEO, effective March 15. She’ll join the board too as she succeeds CEO Stefano Pessina, who’s becoming executive chairman.
Beauty
Appointments

Furla names Mauro Sabatini as new CEO

Furla is reorganizing its management, confiding the role of president to current CEO Alberto Camerlengo, who will be replaced as chief executive by Mauro Sabatini, previously head of leather goods manufacturer Effeuno. 
Fashion
Appointments

Joe Browns 'future-proofs' with new buying director, warehouse investment

In positive moves to bolster future expansion plans, fashion and lifestyle retailer Joe Browns has appointed a new buying director and also completed a £1.5 million warehouse extension.
Fashion
Appointments

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