Business

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...

Former NBA Player Ulysses “Junior” Bridgeman Acquired Ebony And Jet Magazines, Michele Ghee Appointed New CEO

UNITED STATES — At the end of last year, former NBA player Ulysses “Junior” Bridgeman acquired Ebony and Jet magazines from bankruptcy through his...

OTB Officially Confirms Interest In Buying 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)....

Harvey Nichols COO Manju Malhotra Promoted To CEO

UNITED KINGDOM — British luxury department store chain Harvey Nichols has promoted its chief operating officer to its top job with Manju Malhotra becoming CEO...

Marni’s Creative Director Francesco Risso Contract Is Renewed

Above photo: Francesco Risso and Renzo Rosso MILAN, ITALY — Marni‘s creative director Francesco Risso contract with the luxury house is renewed. “Since joining, Francesco...