The luxury group has narrowed down close to 1,700 applicants from around the world to 20 semi-finalists. Eight will be selected for the final at the end of February, when they will compete for a prize of 300,000 euros.
Confirming reports that circulated at the end of last year, New York-based Centric Brands announced on Friday that it has purchased the Zac Posen brand and all related intellectual property for an undisclosed sum.
Stockmann is forging ahead with its transformation plans and while the signature department store chain is loss-making and the market is tough, the firm is upbeat on its prospects and of those of the more buoyant Lindex.
At the presentation of the luxury group's annual results, boss François-Henri Pinault said there is no acquisition on the cards at the moment, the priority being ensuring the growth of Kering's own labels.
After three cancellations announced for Milan, another six Chinese designers are unable to participate in Paris Fashion Week due to the coronavirus pandemic. Dawei, however, will be present with a show on February 25.