The fashion retailer paid 5.25 million pounds in cash for the IP and platforms of British brands Oasis and Warehouse following their collapse in April.

“The sky’s the limit,” said Chiquet, who has been appointed non-executive chair of the Italian company, succeeding Patrizio di Marco.

But it confirmed its board met to discuss “potential impact on the results and perspectives of Tiffany & Co. with respect to the agreement that links the two groups.”

Faced with mounting debts, it will focus on restructuring its portfolios, high-tech fabrics, and automated production to improve profitability.

The board of the luxury giant met in Paris specifically to discuss the proposed deal amid a deteriorating situation in the U.S. market.

Wellcome stores will be converted to the Market banner while Jasons stores will be operated under the Carrefour premium banner.

Viva China, a venture controlled by Li Ning, said it is “a good opportunity to expand its consumables business at a reasonable price.” 

The modeling agency has been without a ceo in the U.S. since last year.

The company will now operate as Together Group Innovation and focus on offering digital innovation services to brands.

The shutdown might make for some big fashion combinations that were only dreamed of before COVID-19.

Gordon Brothers has bought the troubled Laura Ashley out of administration.

The sale was for $170 million in cash, subject to a working capital adjustment.

The growing fashion holding company is absorbing a new brand and has other deals on the way.

The luxury perfumer has been family-owned and -run for more than 250 years, and the heirs plan to remain in the business.

The plan is to keep all 448 stores in the U.S. open and expand the brand around the world.