Asian equities continued their decline on Monday, due to renewed concerns about the virus and the threat of inflation.
[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,editor,author,armember”][vc_column][vc_column_text] On Sunday, L Catterton, a private equity firm co-founded by French luxury group LVMH, decided to buy a 60% stake in Italian fashion brand Etro.
[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,editor,author,armember”][vc_column][vc_column_text] The Italian fashion house Ermenegildo Zegna goes public in New York. The brand will nevertheless remain 62% controlled by its founders.
In the Middle Kingdom, the recovery appears to be in jeopardy as a slowdown in the economy is felt in the second quarter.
Champagne and spirits brand Moët Hennessy, a subsidiary of LVMH, has teamed up with Italian beverage maker Campari for a wine and spirits e-commerce project.
French luxury packaging specialist in the beauty sector Pochet has announced the arrival of Xavier Gagey as CEO for the start of the 2021 school year.
Dubai Airport is once again home to the luxurious Emirates Airlines First Class Lounge since July 5th.
After falling sharply last week due to concerns about the Delta variant, the Asian stock market is catching its breath. On Wall Street, the week opened slightly lower.
The third edition of the Sustainable Leather Forum, organized by the CNC, will be held at the Palais Brongniart in Paris on September 13, 2021.
[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,editor,author,armember”][vc_column][vc_column_text] Phoebe Philo, the famous British designer known for her ten years with Celine, is launching her own eponymous brand with LVMH as a minority investor.