Isak Andic, founder of the Spanish retailer Mango, creates a board of directors for Punta Na and appoints himself as chief executive. His children Jonathan, Judith, and Sarah Andic will also form part of the board.
Chinese fashion retailer Shein is reviving plans to list in New York this year and its founder is considering a citizenship change to bypass proposed tougher rules for offshore IPOs in China, sources said.
Kering is shedding its watches division, with plans to sell high-end labels Girard-Perregaux and Ulysse Nardin to current management, a move that will allow it to focus on activities in which it has scale.
Just a few days after Pentland’s Ellesse brand announced a return to winter sports, the Boss brand is diving deeper into the category too as the official partner of the Hahnenkamm Races, which kicked off its plans.