Michael Kors has reached a deal to buy its smaller luxury segment peer Jimmy Choo for almost £900 million, well above the £800 million that was expected. It plans fast expansion and a move into new fashion product areas.
First there was a report that Renzo Rosso's OTB Group had tabled a bid for Belstaff, then came a denial. But whether the bid happened or not, it has shone a powerful spotlight on the UK heritage brand.
American designer brand Thom Browne has recently opened the doors of its London flagship store in Mayfair. Designed by architect Flavio Albanese, the store spreads over 1,500 sq ft of space across two levels
Rodrigo Flores’ fashion collection, which includes approximately 1,500 pieces of clothing and accessories dating from the 18th to the 20th centuries, will be auctioned at the end of the year in New York.
Fur farms will be illegal in the Czech Republic from 2019, after the senate passed an amendment to the animal rights law. Countries such as Britain, the Netherlands and Switzerland have already outlawed the practice.