Fashion search platform Lyst has confirmed a new round of financing on the part of luxury giant LVMH. While the terms weren’t disclosed, various reports put the amount both at “over” or “below” $60 million.
Men and young millennial shoppers are the main drivers of a sales explosion at Balenciaga, with the storied couture firm turned edgy label now posting the fastest growth rates within the Kering group, its CEO has said.
Christian Dior has named Charles Delapalme to be its new managing director of commercial activities. The appointment takes effect on June 15, 2018. He replaces Serge Brunschwig, who left Dior to become CEO of Fendi.
Following on from Shayne Oliver, Glenn Martens will design the Diesel Red Tag collection set to be unveiled at the next men's Fashion Week in Milan. Diesel Black Gold, however, will not have a show this season.
The New York-based lifestyle group announced the resignation of the Italian designer from its Stuart Weitzman footwear brand on Monday, citing unspecified workplace misconduct as the reason for the departure.