By and  on October 25, 2019

LONDON — In a move that signals a luxury comeback for Alber Elbaz and nods to Richemont’s commitment to fashion, the two have formed a joint venture known as AZfashion, a from-scratch project aimed at wardrobe “solutions” for women.

Compagnie Financière Richemont has been on an M&A tear this year, most recently buying Italian jeweler Buccellati from its Chinese owners, while roughly 12 months ago it inked a joint venture with Alibaba to push Net-a-porter and Mr Porter further into China.

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