Matchesfashion’s owner Apax partners has agreed a £60m funding package for the luxury retailer as it continues to work on its turnaround. The new package comprises £40m of equity and £20m of additional debt.
After the opening of its store in Melrose Place, West Hollywood, the Italian luxury label is now opening at Pacific Palisades neighborhood. This is the second luxury brand to enter the Palisades Village shopping center.
H&M said costs had slashed its profits, the latest fast-fashion retailer to feel the pinch as consumers cut back, while LVMH and Salvatore Ferragamo reported the damage to luxury caused by China's Covid-19 policies.
The Indian designer, favourite of celebrities such as Sharon Stone, Megan Thee Stallion or Kylie Minogue, brought sophistication and seduction to the Parisian catwalk with his signature sculpture-like designs.
Fashion weeks never seem to stop in Paris. On Friday morning, the day after the haute couture season ended, Patou unveiled its Fall/Winter 2023 ready-to-wear collection. Guillaume Henry’s best for the house.
Coinciding with the presentation of her latest collection at Paris Haute Couture Week, FashionNetwork.com sat down with the Dutch designer to talk about creativity and feminism that goes against the grain.