PARIS — With an aim to bolster its activity in the Far East, Lalique Group said Tuesday that it has inked a partnership agreement with Damian Ltd.The support and network of Angela Leung and Deborah Ho, the entrepreneurs behind Damian Ltd., “are anticipated to open a wealth of opportunities for Lalique to extend the reach of its crystal and jewelry offerings in Greater China, and to tailor its interior design, art and hospitality concepts to demands in the Far Eastern markets,” Lalique Group said in a statement.The agreement includes Lalique Group proposing to its shareholders the launch of a rights issue involving 997,300 new shares, of which Damian Ltd. has agreed to subscribe to 380,000 shares for 11.4 million Swiss francs, or 9.9 million euros/$11.4 million. The Hong Kong concern is also to invest 10 million euros in a joint venture with Lalique China, to which Lalique Group will contribute its business in the country. Lalique Group is to own 51 percent of the shared operations.“We strongly believe that this is not only a business venture between two companies, but also an enhancement of the cultural links between the traditions of China and France,” said Leung.The proposed ordinary capital increase is subject to shareholder approval at an extraordinary general meeting set for December in Zurich, Switzerland. If it’s a go, the share capital will be increased by an aggregate nominal amount of up to 199,460 Swiss francs from today’s 1 million Swiss francs through the issuance of 997,300 new shares, Lalique Group said. Shareholders will have the right to subscribe to one new Lalique Group share for five shares owned. The subscription price is 30 Swiss francs per offered share, the company said.The transaction is expected to close in January.Lalique Group, a publicly listed company based in Zurich, also has activities including fragrances, cosmetics, furniture and gastronomy.
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.
In honor of Rihanna’s 30th birthday, we took a look back at an interview with the Barbados-native when she was just 18 years old. Here, she talked about her second album, “A Girl Like Me” in 2006. “I want to be me. I want people to fall in love with who Rihanna is, and that’s why I want the album to be about me so people can really find out who this girl Rihanna is, because they only know the ‘Pon de Replay’ girl.” Fast forward 12 years, and she’s released six more albums and has become a powerhouse in both the fashion and music industries. Happy birthday, @badgalriri 🎈(📷: Pavel Antonov) #wwdarchive