Richemont and Alber Elbaz announced the signing of an agreement to form a joint venture, called “AZfashion” (AlberelbaZfashion).
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AZfashion will be an innovative and dynamic start up, meant to turn dreams into reality.
Commenting on the partnership, Johann Rupert, Chairman of Richemont, said:
“Upon hearing Alber Elbaz describe his vision for fashion and the projects it inspires in him, I was again struck by his creativity and insight. His talent and inventiveness, with his sensitivity towards women and their wellbeing, will be of great value to our Group and its Maisons. We warmly welcome Alber to Richemont and look forward to an exciting partnership.”
Commenting on the partnership, Alber Elbaz said:
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“I am very happy to partner with Richemont and to establish my “dream factory”, which will focus on developing solutions for women of our times. I am extremely excited to collaborate with good people, talented and smart individuals and look forward to also having a lot of fun with this new adventure.”
(Source: Richemont)