Covid has forced the Italian luxury industry to step up the pace of its transformation and search for investors, as shown by Zegna announcing a forthcoming stock market listing, and L Catterton’s acquisition of Etro.
In a month that's shaping up to be huge as far as luxury deals are concerned, the latest news is that LVMH is boosting its stake in Off-White. Virgil Abloh's streetwear label will now be 60% owned by the French giant.
Just a day after news that L Catterton will take a stake in Etro, Ermenegildo Zegna said it will list its shares in New York and is combining with Investindustrial Acquisition Corp, which will be a minority shareholder.
The men’s collections for next summer presented in London, Milan and Paris blended streetwear and couture in a new mix, laid-back yet sophisticated, for an easy-going, highly wearable fashion to be enjoyed outdoors.
Browns is diving deep into sustainability this summer with a raft of initiatives including a link-up with The Restory, plus Made To Order jewellery and Made To Measure tailoring in partnership with Ermenegildo Zegna.
The label opened Milan Fashion Week Men's beautifully on Friday, with a film revealing a collection that is simultaneously minimalist and hyper-sophisticated, with pieces that can be easily mixed and matched.
The almost fully virtual fashion week runs until Tuesday, with only Armani, Dolce & Gabbana and Etro hosting physical shows. Highlights include the first collection by Glenn Martens for Diesel and eight new labels.
The Ermenegildo Zegna Group’s acquisition campaign continues. The high-end Italian apparel manufacturer and gentlemanly menswear brand has acquired control of Tessitura Ubertino, the top-shelf fabric maker.