With Topsoho likely unable to repay the €250 million bond debt that matured on Tuesday, its creditors could acquire a 53% stake in Topsoho-owned SMCP, only to perhaps decide to sell it, as FashionNetwork.com has learned.
The New York-based fashion group announced the launch of its new premium denim brand on Wednesday, revealing a label combining sustainability, quality and artistic sensibility, set to make its debut in October.
For Paris Fashion Week, L'Oréal Paris will stage the fourth edition of its fashion show in the heart of the French capital. The event, scheduled on October 3, is open to the public and will be broadcast in 30 countries.
Are sneakerheads in for a rough holiday season? Nike Inc's updates to its full-year sales outlook on Thursday will likely answer that as it deals with unprecedented supply challenges ahead of the holiday season.
The Bolingbrook, Illinois-based cosmetics retailer has unveiled the Muse 100, an initiative that recognizes and awards grants to 100 trailblazing Black voices working in different fields of the beauty industry.
UK-based luxury brand Belstaff has released its results for the whole of 2020 and it was a decidedly mixed bag with clear improvements in some areas but the INEOS-backed business was still loss-making.
French luxury resale site Vestiaire Collective’s onward march is continuing with news that it has raised a further €178m in new finance, six months after a previous funding round. The firm is now valued at $1.7bn.