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HONG KONG: Tencent Holdings Ltd is leading a deal to invest 10 billion yuan (US$1.59bil) in Chinese menswear group Heilan Home Co Ltd, upping a retail rivalry with fellow internet giant Alibaba Group Holding Ltd, sources with knowledge of the matter said.
PARIS (AP) - The perennial standoff between cutting-edge designers who keep pushing men to get in touch with their feminine side and throw open their wardrobes to the skirt and reluctant male consumers worldwide flared up again on Thursday in Paris, with a man skirt and man dress-heavy collection from Rick Owens and silky, shiny offerings from Dries Van Noten.
THE office of startup Match U is located on Shanghai’s Bund, which is lined with some of the world’s most prestigious banks and financial institutions, and sits in an area that has nurtured some of China’s finest bespoke tailors.
LONDON: David Keyte’s fashion brand, Universal Works, sells edgy menswear across the world.
NEW YORK: Men's Wearhouse Inc said it would acquire rival Jos. A. Bank Clothiers Inc for about $1.8 billion, ending a five-month saga that started with Jos. A. Bank offering to buy its larger menswear rival.
PARIS: Luxury giant LVMH won’t begin looking for an outside designer to succeed the late Karl Lagerfeld at fur-maker Fendi, leaving an executive who’s a member of the brand’s founding family to fill the role for the time being, according to people familiar with the matter.
BERLIN: The new chief executive of Hugo Boss said plans to revive the struggling German fashion house by cutting brands and bringing prices in line across different countries will only bear fruit from 2018, sending its shares lower yesterday.