​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.

The LVMH chairman took advantage of the record results presentation to underline the power of the luxury giant in the face of its rivals but also to praise its managers, while avoiding the subject of his succession.

Held from January 26 to 28 at Feria Valencia, the event welcomed visitors from more than 40 countries, invited over 250 international buyers and hosted more than 400 brands across two pavilions.

The September 2023 edition of Parisian trade show Maison & Objet, dedicated to the home decoration, design and art-of-living sectors, will feature a new section focusing on wellness.