The French brand confirmed early Friday evening that it has entered exclusive negotiations with French investment firm Montefiore Investment, which will take a 51% stake in the fashion house's capital.
French designer Isabel Marant has reportedly started exclusive negotiations with investment fund Montefiore Investment in an effort to hand over complete control of her brand, valued at over 300 million euros.
The luxury shopping and art destination announced that Gucci will open a flagship store this year. The Italian fashion house will be joined by new Design District brands Alexander Wang, MM6, Cos, Eres and Warby Parker.
"I don't like fashion," said French designer Agnes b. Forty years after opening her first shop in a workaday side street in central Paris, the 74-year-old designer claims her philosophy has not altered.
The KCD Worldwide communications agency has diversified by creating a department dedicated to entertainment and technology, with the goal of diversifying its services by tapping into the vitality of these two sectors.