The group born of the merger between communication agency Karla Otto and events company K2 has bought a majority stake in the famous Parisian production house, for 30 years the brains behind fashion’s top catwalk shows.
Most people when they think of Germany this month will think of politics not fashion, as voters will select the successor to Angela Merkel. Still, this week the capital staged Mercedes-Benz Fashion Week Berlin.
Turkish denim producer Isko has inked a licence deal with the Hong Kong Research Institute for Textiles and Apparel, whose ‘Green Machine’ is said to make it possible to easily separate cotton fibre from polyester.
The Bestseller group’s founder has bought a 10.1% stake, via his holding company Heartland, in the company owned by Israeli group Fox. Previously, Povlsen had bought stakes in Asos and German fashion e-tailer About You.
German retail giant Otto Group is planning to list its About You fashion retail operation on the Frankfurt Stock Exchange as the lockdown easing across Europe mean its occasion and partywear offer should see a boom.