MILAN — Europe’s economy may be ho-hum, but its retail scene is brimming with activity.
On the heels of bids and counterbids launched to secure Printemps, Italy’s La Rinascente said Friday it was expanding beyond the country’s borders for the first time in 150 years through the acquisition of Copenhagen-based department store Illum. “We are expanding our format, not our brand,” said La Rinascente chief executive officer Alberto Baldan. “We will export our know-how to enhance the historical Illum brand. Our plan is to create a collection of luxury stores, not a chain.”
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?"