Business

Delvaux Is Up For Sale, Brand’s Owner Asking For $500-$600 Million

BELGIUM — Belgian manufacturer of fine leather luxury goods and bag-maker Delvaux is looking for a buyer. The brand’s owner Hong Kong billionaire brothers...

Etro Open to Partnerships, L Catterton Said To Be Interested In The Brand

MILAN, ITALY — Italian luxury fashion house Etro, which was sued by a former employee who claims the brand was firing people based on physical traits...

Saks Fifth Avenue Stores And Website Is Now Two Separate Companies, Saks E-commerce Business Is Value At $2 Billion

NEW YORK, UNITED STATES — American luxury department store Saks 5th Avenue reengineered with a new business model, equity partner and stronger balance sheet...

OTB Acquires Jil Sander

MILAN, ITALY — In December 2020, D.M. Fashion Book reported that Renzo Rosso, founder of OTB, was looking to acquire German fashion house Jil Sander (see it here). Earlier this year, OTB confirmed to WWD that...

Luxury Conglomerate Kering Takes Minority Stake In Luxury Resale Platform Vestiaire Collective

PARIS, FRANCE — French international luxury group Kering SA revealed an investment in Vestiaire Collective, snagging a 5 percent stake and board representation in the luxury...

Estée Lauder To Acquire Deciem At $2.2B Valuation

UNITED STATES — American multinational manufacturer and marketer of prestige skincare, makeup, fragrance and hair care products, The Estée Lauder Cos. Inc. has agreed...

Jay-Z Sold 50% Of Armand de Brignac To LVMH

PARIS, FRANCE — Entertainment mogul and entrepreneur Shawn Carter also known by his stage name Jay-Z just inked a new partnership with LVMH. Fifteen...

Elie Saab Joins Amazon’s Luxury Stores

WASHINGTION, UNITED STATES — Yesterday, D.M. Fashion Book announced that Lebanese fashion designer Elie Saab has decided to drop out of Paris Couture Week after Lebanon imposed a strict lockdown...