Fashion

Gucci and Adidas receive backlash for selling 1,300 pound sun umbrella

As far as collaborations go, the latest Gucci and adidas partnership is meant to evoke a sense of modern nostalgia, mixing the retro stripes of the sportswear giant with silhouettes and quirky design ethos of Gucci. The result is mix of products ranging from a studded clog to colourful co-branded bags and accessories to high-end outerwear. One...

18 hours ago

Business

THG rejects takeover offer, property mogul Nick Candy also mulling bid

British e-commerce giant The Hut Group (THG) has turned down a 2 billion pound takeover offer from two investment companies after saying it undervalued the business. The group said late Thursday that it received an unsolicited takeover bid from Belerion Capital Group Limited and King Street Capital Management of 170 pence per share. It rejected...

20 May 2022

Business

Growth across core geographies boosts Richemont's sales and profit

Compared to the prior year, sales at Richemont grew by 46 percent at actual exchange rates and by 44 percent at constant exchange rates to 19,181 million euros, as growth rebounded in all major markets and distribution channels. The company said strong sales growth rates experienced throughout the first three quarters of the fiscal year...

20 May 2022

People

Jacquemus taps Paco Rabanne chief Bastien Daguzan as new CEO

French fashion house Jacquemus has tapped Bastien Daguzan as its new chief executive officer. Daguzan joins from Spanish luxury brand Paco Rabanne, where he has served as CEO since 2017, during which time he worked alongside artistic director Julien Dossena and was credited with driving the company’s direct-to-consumer transformation. Prior to...

20 May 2022

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