PARIS — Signaling a buoyant market for luxury footwear and a perky climate for mergers and acquisitions, Fung Capital and fashion veteran Jean-Marc Loubier have teamed up to acquire a majority stake in luxury French shoemaker Robert Clergerie from its namesake founder.
RC Holdings — a new entity held by Fung Brands Limited, a subsidiary of Fung Capital Limited, and Loubier — said it took a 90 percent stake in Financiere de Romans, which owns the Clergerie, Fenestrier and Espace brands, with the designer maintaining 10 percent.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"