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ITALIAN FASHION CONSOLIDATION
The biggest luxury deals in recent yearsLuxury giant Kering is selling its fragrance brand Creed to L'Oreal for 4 billion euros, marking a strategic shift. This follows Kering's 2...- Giorgio Armani leaves a legacy as 'the master of luxury ready-to-wear'Giorgio Armani, who recently passed away at 91, revolutionized fashion with his soft-shouldered jackets and keen eye for textiles, building...
- Prada's $1.38 billion Versace deal: A bold statement amid rising tariff wars and global market shiftsPrada's acquisition of Versace for $1.38 billion signals consolidation within Italy's fashion sector amidst heightened competition and new ...
- ICC focuses on India-Italy bilateral trade, appoints Vas Shenoy as its Chief Representative in ItalyThe Chamber aims to prioritize Italy as a strategic country for Indian companies, following the recent consolidation of diplomatic ties bet...
- Paris billionaire rivalry fuels pursuit of Tiffany, MonclerThe rivalry, more than two decades in the making, has defined the modern luxury industry and shows no signs of ending. Since 2001, when Ker...
- Kishore Biyani's family office raises Rs 3,000 crore to cut debtBiyani has acquired more than seven supermarket store chains to put together a total retail space of 14.8 million sq ft with a presence in ...
- Salvatore Ferragamo partners with Reliance Brands backed Genesis Luxury for Indian businessThe partnership will leverage Genesis' expertise of the luxury fashion retail market in India coupled with Salvatore Ferragamo’s global exp...
- Italian fashion retailer Benetton's sales dip amid competitionThe brand that until four years ago was the country's largest apparel brand, posted a 5% dip in revenue to Rs 699 crore with net loss of Rs...
- Top fashion labels grow in styleRevenue of these brands put together nearly equals sales of department store chains Shoppers Stop or Lifestyle International that sell arou...
- Jabong sheds brands with low-margins, to focus on premium lifestyle products to trim its lossesThe company, a unit of German ecommerce incubator Rocket Internet, will now focus on top 200-300 brands, in a move to cut its losses.
- Global companies testing Indian market through online routeOnline retail, which is being increasingly adopted by Indian shoppers, is expected to account for 3% of the total retail sales by 2020, acc...
- GAS expects India to be among its top 3 markets in world: Darshan Mehta, CEO, Reliance BrandsIn phase one we have the early entrepreneurs like the Bansals and Bahls in the ecommerce space. In phase two, you would see the Tatas, Birl...
- Blackstone Group agrees to buy 20% stake in Versace for $287 millionGianni Versace SpA, the Italian fashion house that features Lady Gaga in its latest advertising campaign, agreed to sell a 20% stake to Bla...
- FDI in retail: Quiksilver seeks 51:49 Reliance joint ventureSportswear retailer Quiksilver is the latest to approach the Indian government to own a 51% stake in their local business, which is managed...
- Biyani sees no Future with Italian Replay, to end licensing pactIndia’s largest retailer Future Group is likely to end its licensing agreement with Italian fashion brand Replay .
- Fitch assigns 'A-(ind)'/'F2+(ind)' to Bhartiya's Bank LoansFitch Ratings has assigned India's Bhartiya International Limited (BIL) a National Long-term rating of 'A-(ind)' (A minus (ind)).
- Global fashion giants’ India plans stalledGlobal lifestyle brands see their India foray deferred as local partners are buying time for a turnaround in consumer sentiment.
- Fifth Avenue scripts Asia play with HK ventureThe $100-million Fifth Avenue Holdings has struck a Hong Kong joint venture with former Benetton honcho to do business with global brands a...
- Trent to tap upper crust of garments market with SisleyTrent entered into a tie-up with Benetton to market its premium brand Sisley to get an opportunity to tap the upper end of the garment segm...
- Miss Sixty & Energie, an Italian line's hereWith the Indian apparel and high-fashion market hotting up, Italian fashion and apparel major, the $833-million Sixty Group, has firmed up ...
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