European Topsoho, owner of the SMCP group and a subsidiary of China's troubled Shandong Ruyi group, seems unable to repay its bond debt maturing on Tuesday, and its creditors might acquire a stake in the company.
Asos announced on Thursday that its Marketplace operation is removing commission rates until year-end “to support all its sellers – both existing and new – through the second coronavirus lockdown and peak trading”.
Few luxury sectors are in a greater stage of flux than eyewear, where luxury giants like Kering and LVMH have both radically redrawn the business model. Meet Rosario Toscano – who just launched Balmain eyewear.
After Cerruti 1881’s owner Trinity was bought by Shandong Ruyi in 2017, the menswear label began an in-depth restructuring operation involving cuts to its staff and stores. It will not show in Paris in January 2020.
An intense men’s fashion week starts in Paris on Tuesday, with the ‘Karl for Ever’ event and 60 catwalk shows, including rookie labels Bode, Phipps, Ludovic de Saint Sernin and Sies Marjan, and Balmain’s gig-show.