LVMH Luxury Ventures, an investment arm of the multinational conglomerate, has taken a minority stake in New York-based luxury label Gabriela Hearst.…
Lotte Duty Free sales hit all-time high of US$6.7 billion in 2018
South Korea’s top travel retailer Lotte Duty Free reported best-ever sales of 7.5 trillion won (US$6.7 billion) last year on a surge in online sales and mass purchases by Chinese merchants seeking tra…
KKR investing heavily into lifestyle products
KKR has taken up significant stake in the group V3, the owner of the OSIM and TWG Tea.…
IDG Capital and Hong Kong-based I.T Group invests in Acne Studios
IDG Capital and Hong Kong-based I.T Group have acquired stakes of 30.1 percent and 10.9 percent of the company.…
Australian shopping app Booodl goes bankrupt
Australian retail app Booodl has said goodbye officially in December, announcing it has started liquidating its assets to pay off creditors just before Christmas.…
L Catterton Asia and Mitsui & Co., Principal Investments Ltd. invest in OWNDAYS
This is the first investment in a Japanese company for L Catterton Asia.…
Tod’s chairman denies rumours about a possible sale
Speaking at the 2018 Milano Fashion Global Summit, Tod’s Chairman and CEO Diego Della Valle denied rumours surrounding a possible sale of the Tod’s group, reports WWD.…
Icicle Fashion Group buys the Parisian fashion label
Icicle Fashion Group has beaten out a phalanx of bidders to buy out French fashion brand Carven. The financial terms of the deal were not disclosed.…
Remo Ruffini invests in a brand founded by influencers
Founded by Italian influencers Gilda Ambrosio and Giorgia Tordini, the buzzy young ready-to-wear and accessories brand has sold a 49 percent stake to Moncler’s chief executive.…
Shinsegae’s Emart to bring its fancy PK Market store to LA next year
This is Emart’s first expansion into the U.S. market.…