LVMH is close to acquiring a new perfume brand, Jean Patou, for its portfolio and has done it very much on the quiet. The French conglomerate took management control last year without any fanfare from Designer Parfums.
The legal action being brought by House of Fraser landlords is set to delay the struggling retailer’s CVA and means that the £70 million cash injection that the firm is getting from its new owner could be delayed too.
Sustainability was the key message at Pure London as its new Conscious section debuted with a broad selection of sustainable brands and the seminar and discussion programme took a deep dive into the issue.
Moncler has been shaking up its business in recent periods with a new approach to design. But is its shake-up paying off? It certainly looks like it as its Genius collections are driving renewed interest in the brand.
As it pushes forward with the expansion of its network of brick-and-mortar stores and fulfillment centers, the US-based platform dedicated to second-hand luxury products has received $115 million in Series G financing.