SANT'ELPIDIO A MARE, Italy Turnaround efforts at Italian luxury group Tod's are starting to bear fruit with e-commerce sales growing at a "high-double digit" pace, owner and Chief Executive Diego Della Valle told shareholders on Thursday.
MILAN Three investors including Italian fashion entrepreneur Renzo Rosso are eyeing a possible bid for luxury label Roberto Cavalli, according to a document filed by the company with a court in Milan as it seeks breathing space from creditors.
FLORENCE/MILAN Italian fashion house Roberto Cavalli, which has posted a string of losses in recent years, will seek a deal with its creditors to keep the business running while it finds a new investor, the company said on Friday.
PARIS/MILAN A row over who is in charge at Ray-Ban maker EssilorLuxottica could drag on for two years or more after the recently merged group's executive chairman filed an arbitration request after alleged violations of a power-sharing agreement.
MILAN Italian luxury group Prada said on Friday it would stop offering end-of-season promotions at its stores, in a bid to boost margins and protect its brand after achieving revenue growth in 2018 for the first time in four years.
MILAN Italian handbag maker Furla plans to stay solo and carry on as a family-run business despite Italian and foreign bidders knocking on its door, its chairwoman and top shareholder told Reuters on Friday.
MILAN/PARIS The top shareholder in EssilorLuxottica sought to ease concerns over governance at the merged Franco-Italian group on Wednesday by saying he would not insist on his right-hand man becoming chief executive of the combined company.
MILAN, Dec 21 Investment fund QuattroR has
agreed to buy a stake of up to 80 percent in Trussardi even
though the Italian fashion house needs a few more weeks to
finalise details with creditor banks before signing off on the
deal, two sources said on Friday.
SOLOMEO, Italy Italian fashion tycoon Brunello Cucinelli, best known for selling cashmere sweaters for thousands of dollars each, has unveiled his latest creative project: a fully restored mediaeval hamlet nestled in a valley in central Umbria.