Chinese private equity firm Hony Capital said on Tuesday it has agreed to buy a third of fashion brand Mr & Mrs Italy’s owner Duemmei, marking its first investment in the luxury industry amid a recovery in the sector.
Corduroy is undeniably having a moment this season so the opening of a Soho, London flagship for the brand that describes itself as “the world's first premium corduroy fashion label for men and women” is good timing.
The Italian luxury brand achieved a turnover of 1.3 billion euros for the financial year 2016/2017, quadrupling its net profit, which soared from approximately 18 million in 2015 to 80 million a year later.
The Shop at Bluebird on London’s King’s Road held a launch event for its key autumn pop-up on Thursday with the concept store hosting a three-week link with sustainable luxury fashion e-commerce platform Rêve En Vert.
Iconic luxury handbag maker Coach Inc risked Wall Street and social media ire on Wednesday by announcing a change of its corporate name to Tapestry Inc, as it evolves into a multi-brand upscale retailer.