Luxury retailer Hervia has been acquired by Parabellum — the private equity operation controlled by Rami Cassis — for an undisclosed sum, marking its first move outside of B2B investments and into luxe fashion.
The first West Coast exhibition dedicated to the influential designer just opened its doors at the L.A. County Museum of Art. Over 200 pieces are on display, all shown in correlation with historic pieces from the museum.
The Outnet has officially launched menswear onto the luxury past-season webstore after a soft launch late last year, with a dedicated menswear homepage, menswear navigation dropdown, plus editorial and styling advice.
Capri Holdings on Monday named Alexander McQueen chief Emmanuel Gintzburger as the new CEO at Versace, effective this September. On the same day, Kering named Gianfilippo Testa as CEO of McQueen, talking over in May.
Frasers Group has been on a full-speed setting of late. Having just bought Studio Retail, upped its stake in Hugo Boss and opened a Flannels flagship in Preston, its luxury fashion banner is again a focus of attention.