Business

Aeffe Takes Full Control Of Italian House Moschino

MILAN, ITALY — It was just announced by Aeffe SpA that it was raising its stake in Italian house Moschino to take full control of...

LVMH To Buy Majority Stake In Virgil Abloh’s Off-White Label

PARIS, FRANCE — LVMH Moët Hennessy Louis Vuitton is bolstering its relationship with Virgil Abloh with a deal that will give the designer leeway to launch...

LeBron James In Early Stages With Nike, Others For Possible Sale Of His SpringHill Company; $750M Valuation

UNITED STATES —NBA champion LeBron James opened Warner Bros.’ Space Jam: A New Legacy this weekend, according to Bloomberg, James and longtime business partner Maverick Carter are exploring a sale...

Former Celine Creative Director Phoebe Philo To Launch Her Namesake Fashion House, With LVMH Investment

LONDON, UNITED KINGDOM — Acclaimed designer Phoebe Philo is returning to fashion with an independent, namesake house — and with LVMH Moët Hennessy Louis Vuitton...

Ssense Sells Minority Stake To Sequoia Capital, The Company Is Now Valued At Over 5 Billion Canadian Dollars

MONTREAL, CANADA — Multi-brand retailer Ssense, specializing in the sale of men’s and women’s designer fashion and high end streetwear wants to speed up...

CVC Invests In Iconic Streetwear Brand A Bathing Ape

Above image: A Bathing Ape store on the Rue de la Verrerie in Paris. LONDON — Private equity firm CVC just announced that it has...

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...