Richemont acquired the Belgian brand Delvaux from First Heritage Brands, a vehicle of Hong Kong billionaire brothers Victor and William Fung.

The luxury group said it would leverage its digital capabilities, to develop Delvaux’s omnichannel opportunities.

A deal could value the 192 years old Belgian luxury bag-maker at around $500 million to $600 million, half of its original asking price.

Historic leather goods house Delvaux announced plans to restructure operations in a bid to increase agility.

No immediate replacement named, studio team to oversee collections for the time being.

The luxury Belgian accessories brand has launched its first e-commerce site in the U.S.

Swiss private equity fund French Legacy Group is taking on the storied shoemaker.

Jean-Marc Loubier has stepped down as ceo but is still president of the Belgian label’s owner, First Heritage Brands.

Isabelle Huppert and Virginie Ledoyen were among the guests spotted relaxing at Delvaux’s beach bar.

The historic Belgian leather goods house has opened a Magritte-themed retail display in a space that will later become a permanent store.

Five works have not yet been seen by the public.

The e-commerce site is banking on wealthy local clients to boost the circular economy.

Sources said the loss-making French house is for sale, but a spokesman said it was looking for a partner to “increase its development.”

Buyers have had their eyes on contemporary labels such as Wandler, By Far and Manu Atelier, which are setting trends, diversifying their offers and helping shift consumer behavior.

Everything you need to know about the key accessories presentations during Paris Fashion Week.