Luxury retailer Hervia has been acquired by Parabellum — the private equity operation controlled by Rami Cassis — for an undisclosed sum, marking its first move outside of B2B investments and into luxe fashion.
The Italian label has reshuffled its design office, naming Filippo Grazioli as creative director, while Alberto Caliri, who had succeeded Angela Missoni in the same post, will take charge of the home decoration line.
As the New York shows wound down, three designers—Prabal Gurung, Bach Mai and Claudia Li—looked to their respective upbringing and the families and friend left behind in their different homelands and hometowns.
Kenzo, Prada and Ambush are some of the many luxury labels active in the virtual world, whether commercialising NFTs or making significant investments in the metaverse, as Philipp Plein and Gucci did recently.
OTB hailed a strong set of results on Thursday saying that its turnover rose 16.2% last year, digital boomed and it saw 38 new store openings. Importantly, it also said that Jil sander had reached break-even.