The French label owned by Chinese conglomerate Fosun has inked a global licence deal with Marchon for the production of its men’s and women’s eyeglasses and sunglasses. The collections will debut in September 2020.
After a bumpy few years, luxury brands are re-committing to China's market as a weaker yuan and the US trade war funnel more Chinese high-end spending back home, Tiffany & Co CEO Alessandro Bogliolo said in an interview.
Richemont, France's second largest luxury group, announced on Tuesday the departure of Eric Vallat, the head of its fashion and accessories division. Vallat will pursue professional opportunities outside of the group.