Finance: Exor, new shareholder of Louboutin!

[vc_row njt-role-user-roles=”administrator,armember”][vc_column][vc_column_text] Exor, the holding company of the Agnelli family, will pay 541 million euros to obtain a 24% stake in the capital of Louboutin, an acquisition unveiled on Monday by the

OTB group takes control of Jil Sander

[vc_row njt-role-user-roles=”administrator,armember”][vc_column][vc_column_text] It’s official. Only The Brave (OTB), the Italian fashion group led by Renzo Rosso, has acquired Jil Sander, the Hamburg-based label known for its minimalist style.

Switzerland: The watchmaking company Hyt goes bankrupt

[vc_row njt-role-user-roles=”administrator,armember”][vc_column][vc_column_text] On Tuesday 2 March, the Neuchâtel watchmaking brand, renowned for its mechanical fluids, announced that it had filed for bankruptcy. HYT was unable to raise the capital it needed, “due

Interparfums unveils a 39% drop in net profit in 2020

[vc_row njt-role-user-roles=”administrator,armember”][vc_column][vc_column_text] Interparfums has published a net profit (group share) for 2020 of €30.7 million, down 39.4%. Operating profit was €46.9 million, down 35.8%, giving a margin of 12.8% compared with 15.1%

Luxury Automobile: IPO of Tesla’s rival Lucid Motors

[vc_row njt-role-user-roles=”administrator,armember”][vc_column][vc_column_text] Californian start-up Lucid Motors recently unveiled its intention to go public via a merger with a dedicated company, in other words, it will use the Spac (Special Purpose Acquisition Company) route,