
The luxury menswear label continues in business through its licenses, as it waits to be sold after its current owner, Trinity Limited, went into liquidation in January.
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The luxury menswear label continues in business through its licenses, as it waits to be sold after its current owner, Trinity Limited, went into liquidation in January.
Creditors of debt-laden fashion conglomerate Shandong Ruyi Technology Group will seek control of Lycra after Ruyi defaulted on a $400 million loan it took from them to buy the fibre maker.
SMCP has named Christophe Cuvillier as Chairman of its board of directors following the change in the composition of that board decided at a meeting late last week.
SMCP’s shareholders met in a general meeting on Friday and dismissed the Chinese group’s representatives from the board. Christophe Chenut, Xavier Veret and Natalia Nicolaidis have been named in their place.
Trinity Limited, the owner of Gieves & Hawkes, has been placed into liquidation following a failed attempt by advisory firm RSM to sell the 250-year-old luxury British brand.
An ownership battle at SMCP heated up on Wednesday as major shareholders claimed a 16% stake in the French fashion group had been illegally transferred to an offshore account, and a meeting to force a boardroom reshuf...
A group of bondholders including asset manager BlackRock and an affiliate of private equity firm Carlyle has become the top shareholder in French fashion company SMCP, taking on a 29% equity stake it now wants to sell.
After rescuing failed Jaeger, it seems M&S now has its sights set on another distressed prestige name, Gieves & Hawkes.
SMCP has had to deal with plenty of background ‘noise’ of late as issues around its parent company persist. But it’s remained laser-focused on driving sales back to more normal levels and saw some success in Q3.
Gieves & Hawkes, the bespoke tailoring business, could be a step nearer to closing down as the problems facing its parent company continue to weigh on its operations and a crunch creditor vote looms next week.