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SPAIN: Reig to open Diane Von Furstenberg stores | 11 Sep 07

Barcelona-based investment group Reig has a struck a deal to bring Belgian designer brand Diane Von Furstenberg to Spain as it rushes to profit from the country’s luxury apparel boom.

ITALY: Ferragamo hires Cristina Ortiz for design post | 31 Aug 07

Salvatore Ferragamo has announced that Brioni designer Cristina Ortiz will take over the position of chief womenswear designer at the Italian company.

RUSSIA: Department store Tsum criticised for ad slogan | 15 Aug 07

Moscow department store Tsum has sparked controversy for a cartoon advertising campaign using a slogan translating to "Those not in Prada, are losers".

CHINA: Itat seeks US$1bn in Hong Kong IPO | 2 Aug 07

Chinese apparel group Itat hopes to raise US$1bn by floating on the Hong Kong Stock Exchange in April, capital markets bankers confirmed on Wednesday.

FRANCE: Customs destroy luxury fashion brand fakes | 31 Jul 07

Garments and shoes figured predominantly among around 15,000 fake articles of leading brands symbolically shredded or crushed by steam roller in the port Nice recently by French Customs in the presence of the country's Finance minister, Eric Woerth.

ITALY: Aeffe gets bottom price for EUR143m IPO | 24 Jul 07

Italian fashion group Aeffe, which owns luxury fashion brand Alberta Ferretti, has raised EUR143m (US$197.6m) in a Milan initial public offering completed at the bottom of its indicate price range, according to bankers familiar with the deal.

UK: 1,500 counterfeit items seized in vehicles | 19 Jul 07

Police officers in the UK have seized more than 1,500 items of fake goods including handbags, sunglasses, and clothing.

ITALY: Prada in sale talks with British tycoon? | 9 Jul 07

Italian fashion house Prada is staying quiet on media reports yesterday (8 July) that it is in talks to sell to billionaire British entrepreneur Richard Caring.

ITALY: Aeffe fashion group hopes to raise EUR216m in IPO | 6 Jul 07

Aeffe Fashion Group SpA on Friday (6 July) said it hopes to raise up to EUR216m (US$294m) in its initial public offering of shares on the Milan stock exchange, which starts on Monday.

US: Luxottica set to acquire Oakley for $2.1bn | 21 Jun 07

Luxottica Group said late Wednesday (20 June) that it has reached a definitive agreement to acquire Oakley for about US$2.1bn.

UK: Mariella Burani raises EUR130m in London IPO | 15 Jun 07

Burani Designer Holding, the Italian fashion and lifestyle group that owns leading brand Mariella Burani, has raised EUR130m (US$173.3m) in a London flotation to grow its business, banking sources confirmed to just-style on Friday (15 June).

ITALY: Ferragamo plans IPO next year | 7 Jun 07

Italian fashion company Salvatore Ferragamo plans an initial public offering (IPO) in late 2008 to finance growth.

ITALY: Mariella Burani plans EUR125m London float | 25 May 07

Italian lifestyle and luxury brands company Burani Designer Holding (BDH) plans to raise EUR125m (US$167.9m) from an initial public offering on London’s AIM market in late June.

US: Brioni rated top men's fashion brand in luxury survey | 24 May 07

Brioni has rated the most prestigious luxury men's fashion brand in a new survey carried out among wealthy consumers.

Japan heads for new boom in luxury brands | 23 May 07

The return of the GBP20,000 cocktail – it has diamonds instead of ice – and the GBP60 hamburger to Tokyo, heralds for some a return of the heady days of a very rich Japan and ostentatious consumption once more. It also may mean even greater times for the world’s leading fashion brands says Michael Fitzpatrick.

ITALY: Prada FY profit rises 63% to EUR76m | 27 Apr 07

Italian fashion house Prada, which is considering an IPO some time in 2008 to fund growth, said net profit rose 63% in 2006 to EUR76m ($103.9m).

EXCLUSIVE: ITALY: IPO seen valuing Versace at EUR700-900m | 5 Apr 07

A stock market flotation could value Italian fashion house Versace at up to EUR900m (US$1.2bn), an industry expert told just-style on Wednesday (4 April).

ITALY: Armani dismisses IPO plans | 29 Jan 07

Italian design house Giorgio Armani has no plans to float in the foreseeable future, a company spokeswoman has told just-style.

ITALY: Prada considers share offering next year | 17 Jan 07

Fashion firm Prada has indicated plans to offer shares to the public next year on the back of 10% growth during 2006.

US: John Varvatos names Rebecca Blair as president | 12 Jan 07

Lifestyle brand maker John Varvatos Enterprises has appointed Rebecca Blair as president, effective mid-January 2007.

US: Thieves steal US$1m of stock from Prada warehouse | 2 Jan 07

Robbers have stolen more than US$1m (GBP506,862) of stock from a Prada warehouse in Honolulu, Hawaii.

ITALY: Prada offloads stake to Intesa, considering IPO? | 1 Dec 06

Italian fashion firm Prada is to offload a 5% equity stake to Banca Intesa and is also reportedly considering a listing in 2008.

ITALY: Agostino Ropolo to oversee Church's global growth | 8 Nov 06

Luxury firm Prada has taken on Agostino Ropolo, former head of LVMH’s fashion and leather in Italy, to oversee an international expansion of the Church’s brand.

ITALY: PETA protestors disrupt Burberry fashion show | 27 Sep 06

Protestors from People for the Ethical Treatment of Animals (PETA) have gatecrashed a Burberry catwalk show in protest against the luxury label’s use of fur.

US: Skins Inc to partner with Vibram for footwear launch | 3 Aug 06

Footwear company Skins Inc is teaming up with sole manufacturer Vibram for the development of its new shoe concept, which is due to launch in spring 2007.

ITALY: Prada FY profit soars to EUR47m | 2 Aug 06

Fashion and luxury house Prada has reported full-year profit and sales growth after boosting productivity and efficiency and controlling expenses.

ITALY: Banca Intesa taking 5% Prada stake? | 17 Jul 06

Financial institution Banca Intesa SpA has paid a reported EUR100m (US$126m) for a 5% stake in fashion house Prada, paving the way for a possible market flotation next year, according to sources cited in the press.

GERMANY: Restructuring hits Jil Sander figures | 30 May 06

Extensive restructuring of German fashion group Jil Sander hit the company’s 2005/6 figures, creating a loss of EUR37.3m (US$47.6m).

ITALY: Investors to buy 5% Prada stake? | 8 May 06

Banca Intesa and a private equity funds consortium are preparing to take a 5% stake in fashion company Prada, Finanza&Mercati reported.

Bags of leather at Lineapelle | 28 Apr 06

An unsettled political and economic climate has not prevented the Italians from making desirable leathers. Their position as world design leaders was consolidated at last week’s Lineapelle, the international showcase for new leathers and components for the shoe, belts and bag trade for summer 2007. Penny Leese reports.









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