Tomaso Trussardi will stay on as chairman of the board as a five-year plan is expected to strengthen the brand globally.
Both Lapo Elkann and Creative Ventures Srl agreed to increase the eyewear company’s capital.
Technology is key for helping retailers understand what makes shoppers tick, according to Alyssa Auberger of Baker McKenzie.
The Chinese company is on a shopping spree, having acquired a portfolio of European luxury and contemporary labels since 2016.
The deadline to submit offers for a stake in the firm was Jan. 31, but is expected to be extended into the first few days of February.
International Textile Group launched Elevate Textiles Inc., its new name and corporate identity.
The annual forum takes a different format this year.
Deal focus is expected to be less on technology and more on diversification.
The luxury fashion house anticipates revenues will grow to $8 billion with its expanded portfolio.
Through one of his holdings, the business titan will buy an additional stake of up to 5 percent of the publicly listed company.
The consumer giant said it’s responding to consumer demand for vegan, vegetarian meals.