A mutually released statement revealed that the bank BNP Paribas has sold its 37.1% stake it had held in the Groupe Galeries Lafayette to the Moulin family who now own 100% of the group. The exact total cost of the transaction has not been confirmed.
Liu Jo is putting the finishing touches on his deployment to the Far East. At the end of 2008 the Italian brand joined with Hong Kong Liu Jo Asia-Pacific, a subsidiary that heads up the labels commercial arm throughout the area.
Beauté Prestige International has named Léa Vignal-Kenedi as vice-president of Narciso Rodriguez Parfums. She will be kept busy with the development of a new fragrance for women, expected to launch internationally in April 2009.
Not so long ago eco-packaging was only a minor genre in the design world, or worse an uncreative area where only talking of recycling had currency. Hopefully no more after the exposition ‘Eco’Pack Attitude’ by the Designpack gallery in Paris.
She has been voted the “Best Dressed Celebrity” by the British, and when Gwyneth Paltrow was tempted to work with the Parisian brand Zoe Tee’s she found herself at the heart of a collection entitled “ZOEtee’s Loves Gwyneth Paltrow”
From 2-5 April Milan will pay homage to perfume and host the first edition of the tradeshow for professionals “Esxence – The Scent of Excellence”. 85 brands will be present, including the biggest names in the business.
The non-profit association Organic Exchange is reporting that sales of organic cotton have increased to $3.2 billion in 2008. This increase of 63% came about mostly thanks to increasingly vigilant buyers for large chain stores, such as for Wal-Mart, C&A, Nike, H&M and Zara.
Fashion house Gucci has had a satisfactory trend in the first quarter, Chairman and Chief Executive Patrizio Di Marco said in an interview in Italian financial daily Il Sole 24 Ore published on Wednesday April 1.
Against the backdrop of the tradeshow Baselworld, which will end on April 2, the global leader in horology has announced the purchase of its South African distributor Swiss Precision Ltd. The exact cost of the transaction is yet to be made public.