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L'Occitane U.S. files for Chapter 11 bankruptcy, closing unprofitable stores
The U.S. division of L’Occitane en Provence filed for Chapter 11 bankruptcy on Tuesday as it seeks to close unprofitable stores.
Beauty
Retail
Mytheresa announces closing of IPO
The offering of 17,994,117 American Depositary Shares (ADSs) represents 17,994,117 ordinary shares, including the full exercise by the underwriters of their option to purchase 2,347,058 additional ADSs.
Luxury
Business
More carats and sparkle: How LVMH plans to change Tiffany
French luxury goods group LVMH plans to overhaul Tiffany & Co's vast merchandise lineup to focus more on gold and precious gems while going more upmarket with its silver bangles.
Luxury
Business
Thriving Louis Vuitton offsets drop in sales at luxury group LVMH
French luxury goods group LVMH reported a 3% drop in comparable sales for the fourth quarter, as a boom in revenues at its big fashion brands like Louis Vuitton offset a weak performance at its duty free shops.
Fashion
Business
Trade shows
Pure and Moda owner Hyve ticks over in Q1, helped by digital events and insurance payouts
Pure London organiser Hyve Group has described near-term operating conditions for physical events as “fluid”, with Covid-19-related disruption continuing to hit its domestic and European schedule.
Fashion
Trade shows
Pitti Immagine forced to cancel physical events
Following a decision by the Italian government, trade shows Pitti Uomo, Pitti Bimbo and Pitti Filati will take place exclusively online on the Pitti Connect platform which will remain online until the start of April.
Luxury
Trade shows
Pitti Connect: Herno trumpets sustainability; Oscar Farinetti expounds on Green Pea
Pitti Connect took a novel turn with Herno CEO Claudio Marenzi presenting the brand’s latest sustainable ideas with Globe, before linking to Eataly founder Oscar Farinetti, who has launched eco-retail concept Pea Green.
Fashion
Trade shows
Brunello Cucinelli opens Pitti, in Solomeo, not Florence
Brunello Cucinelli on Tuesday opened Pitti Connect, the latest version of the famed Italian menswear trade fair, but in Solomeo in Umbria, not in Florence in Tuscany.
Luxury
Trade shows
