Moncler SpA acquire Sportswear Company SpA, owner of the Stone Island brand. Carlo Rivetti, chairman and ceo of Stone Island, said the company’s headquarter in Ravarino “will remain the beating heart of the brand and a center of excellence that will be further enhanced and my team and I will continue, in our current roles, to do what we have been doing with great passion for many years.
The agreement was signed between Moncler and Rivetex Srl, a company referable to Carlo Rivetti, owner of a stake equal to 50.1 percent of Sportswear Company’s capital and other shareholders of SPW, referable to the Rivetti family, owners of a stake equal to 19.9 percent of SPW’s capital.
The agreement values Stone Island at 1.15 billion euros, corresponding to a multiple of 16.6 times 2020 EBITDA and a multiple of 13.5 times the estimated 2021 EBITDA. The consideration for the purchase of the shares will be paid in cash by Moncler.
Chloé took another big step in its transformation to a purpose-driven company by recruiting Gabriela Hearst already synonymous with sustainable luxury as its new creative director. She founded her namesake brand in 2015 on the principles of timelessness, quality and sustainability.
What to Know About Balenciaga’s Hybrid Video Game Fashion Show, really nothing at all !.The brand is revealing its fall 2021 collection in a video game titled “Afterworld: The Age of Tomorrow.”
Camus said : “If you live with a lame person, you will soon be limping yourself”. Here are some sketches of hell on a splendid throne of Qatar, a parade of the mediocre that our decadent have spontaneously given birth to for the inexorable breakdown of the aesthetic and moral sense of sewing. In this adulterated universe swarming with small “designers” who, in the name of modernity, re-ingurgitate the work of their predecessors without having talent. The designer thinks he carries a needle like a sword, but it scrapes the stream and tirelessly copies his predecessors without having their genius.
Longchamp’s President Philippe Cassegrain dies of COVID-19 complications. Philippe Cassegrain, the designer of Longchamp’s famous Le Pliage bag, died in a hospital from COVID-19 complications, the French accessories house announced on Monday. He was 83.
Luxury is a matter of money. Elegance is a matter of education. An Italian niche accessories brand, Boarini Milanesi, has just unveiled a hyper luxurious bag that retails for 6 million euros. How is that possible? The top-handle bag is crafted from alligator skin and festooned with 10 white gold butterflies studded with sapphires, diamonds and Paraiba tourmalines totaling more than 130 carats. Only three of the bags, which requires 1,000 hours of work to be completed, are to be produced.
Designer fragrances have had a storied history. Paul Poiret became a perfume entrepreneur in the early 1900s, while Gabrielle Chanel in 1921 introduced Chanel No. 5. Christian Dior started his storied perfume business with Miss Dior in 1947.
For four days at the start of every November for the past seven years, a small water canal town two hours southwest of Shanghai turns into a lively hub celebrating all things Hanfu and traditional Chinese culture.
Actor Christian Serratos is best known so far for her role in “The Walking Dead,” but she’s about to become a lot more recognizable to the masses when she takes on the role of Selena in Netflix’s upcoming “Selena: The Series,” which premieres on Netflix Dec. 4.
Puig Acquires Majority Stake in Charlotte Tilbury
Fans of Balenciaga’s Track.2 sneaker can now buy a limited-edition sculpture of the shoe, part of a new category named Objects produced outside of the Paris-based label’s fashion collections. Only 20 of the metal sculptures, shaped like a size 41 sneaker, are available in Balenciaga stores and on its web site priced $5,750.
When your primary business is making outerwear to keep people warm in cold temperatures, the idea of global warming is especially dangerous. In April, Canada Goose laid out a sustainable impact strategy plan that includes becoming carbon-neutral by 2025.
The Australian Open and Ralph Lauren Corp. are due to announce, Ralph Lauren come the official outfitter of three of the tennis world’s four Grand Slam tournaments, following longstanding partnerships with the U.S. Open and Wimbledon, which commenced in 2005 and 2006, respectively.
Dior Launches Men’s Tailoring Capsule Line, Kailand Morris, the son of Stevie Wonder Just Called to Say I Love You espacialy your money.
After many years away from the fashion scene, Jil Sander is back with a new +J collection that drops Thursday at Uniqlo stores worldwide internet.
After the cloud, the house has designed in her studio a pimple for pimp. We already had the “Cruch” of Chanel, when will we have the “Fart” of Bulgaria?
The Grands Crus de France are truly the showcase of the excellence of French viticulture. Indeed, it is with these wines that the whole world can perceive the exceptional character of the terroirs and the know-how of our winegrowers, our oenologists and all the people who make up the fabric of France’s winemaking world.