LVMH-backed fund to buy 60% of Italian fashion label Etro: Report

French luxury giant LVMH (Bloomberg)

L Catterton, a private equity firm backed by French luxury giant LVMH, has agreed to buy a 60% stake in Italian fashion company Etro, two sources familiar with the matter said on Sunday. The deal values Etro at about 500 million euros ($590 million), the sources said, confirming reports in Italian newspapers La Repubblica and … Read more

LVMH-backed fund to buy 60% of Italian fashion label Etro-sources

LVMH-backed fund to buy 60% of Italian fashion label Etro-sources

A LVMH luxury group logo is seen prior to the announcement of their 2019 results in Paris, France, January 28, 2020. REUTERS/Christian HartmannMILAN, July 18 (Reuters) – L Catterton, a private equity firm backed by French luxury giant LVMH (LVMH.PA), has agreed to buy a 60% stake in Italian fashion company Etro, two sources familiar … Read more

Fashion brand Ralph & Russo could face criminal investigation over “£ 176,000 pension fund raid”

Texas News Today

The founder of a luxury fashion label who designed Megan Markle’s £ 56,000 engagement dress was reported to the Serious Fraud Office over the collapse of the company, a Sunday email can reveal. Ralph & Russo managers confirmed last night that they had warned SFO about allegations of financial misconduct, including allegations that the company’s … Read more

Fashion for Good announces first recipient of the Good Fashion Fund

Fashion for Good announces first recipient of the Good Fashion Fund

Amsterdam-based sustainable fashion initiative Fashion for Good has announced the first beneficiary of the Good Fashion Fund, which aims to drive sustainable manufacturing practices. Indian manufacturer Pratibha Syntex Limited, which supplies textiles and garments to fashion giants like C&A, H&M, Patagonia and Zara, has received the 4.5 million dollar, long-term loan. The company was founded … Read more

Google shares its $2M Black Founders Fund among 30 European startups – TechCrunch

Google shares its $2M Black Founders Fund among 30 European startups – TechCrunch

Google has selected 30 startups to receive a share of its $2M Black Founders Fund in Europe, providing these companies with a spot of cash, some valuable cloud services, and a bit of good old-fashioned networking among the Google crew. The fund was announced last fall as part of a company-wide effort towards “building a … Read more