Lafayette Anticipations, the exhibition and design space run by the Galeries Lafayette foundation, is set to be inaugurated March 10 in the Marais in Paris, with its first artist installation featuring Lutz Bacher.
The Italian luxury group said it expects a trend of progressive growth, which will be sustainable in the medium and long term, as the group’s sales in China grew almost 40 percent in the first nine months of the year.
Private equity firm Tengram Capital has announced it will acquire luxury skincare brand ReVive from Shiseido Americas Corporation and will bring on two key execs from its former Laura Geller New York team.
Farfetch is seeing fast-rising sales but its losses have widened as it continues to invest in growth and sacrifice profit ahead of an expected US IPO. That’s the main message from the accounts that were filed this week.
London lost its top spot on a list of key cities for luxury store openings this year. The new review by Savills saw Paris back in the lead this time, but London, New York and Tokyo are top of many brand wishlists.
It’s all change at LVMH, where another respected CEO in the extended group is set to leave a thriving fashion house. Simon Whitehouse, the energetic CEO of J.W. Anderson will quit the company at the end of the year.