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Safilo and Pierre Cardin renew eyewear licence until 2031

Safilo Group and the maison Pierre Cardin have signed an early renewal of the global licence agreement for the design, production and distribution of its optical frames and sunglasses collections. The agreement extends the current partnership until December 31, 2031, consolidating an industrial and commercial relationship that began in 1991. The...

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Footwear brand Gabor has a new owner: Arklyz

Swiss investor Arklyz has acquired the German footwear brand Gabor. The company, based in Stans on Lake Lucerne, did not disclose the purchase price. According to the announcement, all regulatory approvals have been received. Gabor, previously owned by its founding family, is primarily known for its womenswear shoes. The company is now 100...

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Swinger International acquires sneaker brand Philippe Model

Philippe Model, an internationally recognised sneaker brand, has been sold to Swinger International spa. The seller was 21 Invest, the private equity fund founded by Alessandro Benetton. With this acquisition, the company strengthens its presence in the premium fashion segment. The brand's sneakers are available in key European, American and...

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Protest Sportswear acquires Swedish ski brand 8848 Altitude

Protest Sportswear has made an acquisition. The Dutch company announced just before the festive season that it is acquiring 8848 Altitude, a Swedish ski and outdoor brand. Protest Sportswear stated that the acquisition strengthens its position in the high-end technical winter sportswear segment. This move expands the Dutch company's portfolio....

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JOTT placed in receivership

Marseille - Marseille-based ready-to-wear company JOTT, which employs nearly 200 people, was placed in receivership on Thursday. A source close to the matter confirmed this on Friday, corroborating a report from La Provence. According to the ruling reviewed by AFP, the Marseille economic activities court has initiated receivership proceedings...

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Business|Interview

AI in fashion: How Playar uses XR and AI for immersive experiences and storyliving

Artificial intelligence (AI) is rapidly changing the fashion industry. While some companies are waiting, others are taking bold steps forward. For the ‘AI in Fashion’ series, FashionUnited speaks with Justin-Caine Cavanas, XR and AI lead at Playar, a company specialising in immersive experiences. 1. Who are you and what do you do? I am...

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Business|CEO Interview

Save The Duck scales new heights with mountain expedition as it preps store expansion

Innovation has long defined the outerwear sector, where performance, protection and material experimentation drive the market forward. For Save The Duck, which sits at a crossroads between technical outerwear and city fashion, this innovative mindset is embedded in its DNA. Built on an ethical and sustainable vision, the brand continues to seek...

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Business

Hsg acquires majority stake in Golden Goose Group

In a statement this evening, Golden Goose Group spa announced that Hsg, an international venture capital and private equity firm, will acquire a majority stake in the group. Temasek, a global investment company, and a fund managed by its wholly-owned asset manager, True Light Capital, will also acquire a minority stake. Silvio Campara to...

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Inditex shares hit record high as investor confidence strengthens

Inditex, the Spanish fashion group behind brands including Zara and Massimo Dutti, hit a new all-time high on Thursday, surpassing the record set in December last year and underlining the strong momentum behind the company. The stock climbed to as much as 56.38 euro per share, buoyed by better-than-expected quarterly results and growing...

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Swiss watchmakers halt US shipments awaiting lower tariffs

Zurich, Switzerland – Swiss watch exports to the US plummeted again in November, as manufacturers delayed shipments in anticipation of a tariff reduction to 15 percent. According to data from the watchmaking federation published on Thursday, exports to the US fell by 52.3 percent in November. This follows declines of 46.8 percent in October,...

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Etro: founding family exits as Rams Global, Swinger International and Sri Group invest

Following recent speculation, an official statement has been released: the Etro family is exiting the company. A consortium of industrial investors, comprising the Turkish company Rams Global, Mathias Facchini of Swinger International, and the banker Giulio Gallazzi via Sri Group, has acquired the minority stake previously held by the Etro...

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Puma bolsters liquidity with 600 million euros financing package

Puma SE has successfully expanded its financial toolkit, securing more than 600 million euros in new financing to strengthen its balance sheet and support its long-term growth objectives. The package consists of a 500 million euros bridge loan, fully underwritten by Santander Corporate & Investment Banking (Santander CIB), alongside 108 million...