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Harrods owner nets $892 million gain from Tiffany & Co. sale
Harrods owner Qatar Investment Authority made a gain of around $892 million when it sold shares in Tiffany & Co as part of LVMH’s $15.8 billion acquisition, according to analyst estimates and filing data.
Luxury
Business
Mango to diversify by launching homeware line
The Spanish fashion retailer is adapting to the new normal of lockdowns and remote working, and is set to extend its product range into the home linen and home decoration categories in Q2.
Lifestyle
Retail
Leeds Group improves sales, earnings, despite German Covid restrictions
Covid restrictions in Europe made it a tough first half for Leeds Group. However, the UK-based fabrics and haberdashery specialist managed to increase revenues and return to profit for its first six months to November.
Fashion
Business
Jaeger administrators confirm closures, redundancies
M&S’s deal to buy Jaeger completed on Friday and the administrators to the heritage brand have confirmed that all 63 standalone stores and the label’s concessions will not reopen after the current UK lockdown ends.
Fashion
Retail
Trade shows
Pitti Connect: Herno trumpets sustainability; Oscar Farinetti expounds on Green Pea
Pitti Connect took a novel turn with Herno CEO Claudio Marenzi presenting the brand’s latest sustainable ideas with Globe, before linking to Eataly founder Oscar Farinetti, who has launched eco-retail concept Pea Green.
Fashion
Trade shows
Brunello Cucinelli opens Pitti, in Solomeo, not Florence
Brunello Cucinelli on Tuesday opened Pitti Connect, the latest version of the famed Italian menswear trade fair, but in Solomeo in Umbria, not in Florence in Tuscany.
Luxury
Trade shows
Pitti determined to go ahead with February event, says Napoleone
Pitti is determined to go ahead with its next physical trade show in February, and expects around 300 brands to attend, according to Raffaello Napoleone, CEO of the Florentine fashion salon.
Fashion
Trade shows
Première Vision show to be staged again digitally in February
The February session of Première Vision Paris once again won’t be staged physically, and will be replaced by a digital version scheduled on February 15-19, benefiting from several innovations in its e-marketplace.
Fashion
Trade shows
