LVMH Moët Hennessy Louis Vuitton has netted London fashion star J.W. Anderson, taking a significant minority stake in his fledgling business and tapping the designer to assume the creative helm of Loewe.
The first signs of a recovery in the Italian economy, the fashion industry’s choral efforts to bring luster back to Milan Fashion Week and a crop of new young designers leaving their mark on the scene contributed to an effervescent season that left retailers excited.
Versace’s talks to secure a minority shareholder are on track and industry sources point to a short list that includes the IQ Made in Italy joint venture, created last year to invest in Italian brands.
Several deals that have been in the works are all taking longer than expected — including Fifth & Pacific Cos. Inc.’s divestitures of both Lucky Brand and Juicy Couture and Joe’s Jeans Inc.’s acquisition of Hudson Jeans.
The luxury retailer has partnered with Shawn “Jay Z” Carter for a high-wattage promotion, dubbed “A New York Holiday,” that has the musician collaborating on a range of offerings with top designers and influential indie brands to fashion a collection of limited-edition holiday products.
The 28-year-old Miami Heat forward’s limited-edition watch for Audemars Piguet, where he has served as a brand ambassador since 2011, launches this week with an event in Miami for 350 guests and at Audemars Piguet stores worldwide.
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