LVMH Acquires Majority Stake in Virgil Abloh’s Off-White Brand

LVMH Acquires Majority Stake in Virgil Abloh's Off-White Brand

Virgil Abloh — the fashion designer, DJ and pundit of pop culture — is about to become the most powerful Black executive at the most powerful luxury goods group in the world.On Tuesday, LVMH announced it was acquiring a 60 percent stake in Off-White, the luxury streetwear brand Mr. Abloh founded in 2013 and which … Read more

Nordstrom takes stake in 4 Asos fashion brands to win younger shoppers

Nordstrom takes stake in 4 Asos fashion brands to win younger shoppers

A woman is seen shopping on ASOS the online fashion store on a laptop.Dinendra Haria | SOPA Images | LightRocket | Getty ImagesNordstrom said Sunday it has acquired a minority stake in four apparel brands owned by the online U.K. fashion house Asos.The brands — Topshop, Topman, Miss Selfridge and the activewear label HIIT — … Read more

Reliance Industries may buy majority stake in home fashion brand Portico

Reliance Industries may buy majority stake in home fashion brand Portico

Representational image&nbsp New Delhi: Mukesh Ambani-owned Reliance Industries may buy a majority stake in home fashion brand Portico, the Economic Times mentioned in a report citing two people with direct knowledge of the matter.  Portico is a fast-emerging brand owned by the Creative Group that manufactures and sells bed and bath products through its … Read more

NBA star James Harden takes stake, board seat in luxury retailer Saks

NBA star James Harden takes stake, board seat in luxury retailer Saks

James Harden #13 of the Brooklyn Nets handles the ball against the Boston Celtics in Game One of the First Round of the 2021 NBA Playoffs at Barclays Center at Barclays Center on May 22, 2021 in New York City.Steven Ryan | Getty ImagesNBA superstar James Harden is a new investor in luxury retailer Saks, … Read more

Ritu Kumar I Reliance Brands in talks to acquire majority stake in fashion label Ritu Kumar: report

Ritu Kumar I Reliance Brands in talks to acquire majority stake in fashion label Ritu Kumar: report

Reliance Brands in talks to acquire majority stake in fashion label Ritu Kumar: report &nbsp | &nbspPhoto Credit:&nbspInstagram Key Highlights Reliance Brands to buy 30% stake of Everstone Capital other than promoter stake in Ritu Kumar Acquisition will give Reliance Brands better footing to take on rival Amazon in the segment Reliance … Read more