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EssilorLuxottica set to get EU warning about Dutch deal: sources

EssilorLuxottica set to get EU warning about Dutch deal: sources

EU regulators are set to warn EssilorLuxottica that its 7.2 billion euro bid for opticians group GrandVision may harm competition, people familiar with the matter said, pressuring the group to offer concessions.
Fashion
Kering takes public stand against racism: contributes to NAACP and to Campaign Zero

Kering takes public stand against racism: contributes to NAACP and to Campaign Zero

Kering, one of the largest luxury groups on the planet, has made financial commitment to fight racism, with contributions to the NAACP and to Campaign Zero – following eight days of protests in multiple American cities.
Fashion
Privé Revaux expands to mainland Europe and UK

Privé Revaux expands to mainland Europe and UK

Disruptor US eyewear brand Privé Revaux has expanded into Europe, having struck an exclusive deal with retailer GrandVision for its chains in the UK, Germany, Poland, Belgium, the Netherlands and Turkey.
Fashion
Safilo completes acquisition of Blenders Eyewear

Safilo completes acquisition of Blenders Eyewear

Safilo has announced the completion of its acquisition of digitally-native Californian brand Blenders Eyewear, the next step forward in the Italian company’s digital transformation strategy.
Fashion
EssilorLuxottica launches €3 billion bond issue

EssilorLuxottica launches €3 billion bond issue

On Friday, the eyewear and optics giant announced it launched a €3 billion bond issue for general corporate purposes on Thursday, with an average yield of 0.46%.
Fashion
Boohoo hit with $100m lawsuit over “fake promotions”

Boohoo hit with $100m lawsuit over “fake promotions”

The legal action has been brought by US law firms Almadani Law and AI Law, which allege that Boohoo and its subsidiaries PrettyLittleThing and Nasty Gal have engaged in deceptive pricing.
Fashion
Mr Porter launches sunglasses blitz as H&M links with Chimi for eyewear collab

Mr Porter launches sunglasses blitz as H&M links with Chimi for eyewear collab

As the SS20 season is all-but-cancelled globally, lockdown easing is seeing retailers launching products that they know are likely to sell, especially in the menswear market.
Fashion
Bernard Arnault buys one-quarter stake in fellow French patron Arnaud Lagardère’s holding company

Bernard Arnault buys one-quarter stake in fellow French patron Arnaud Lagardère’s holding company

Bernard Arnault, Europe’s richest man, has acquired a one-quarter stake in Arnaud Lagardère’s holding company, in a move that will be seen as an attempt to support the family of his fellow French billionaire.
Fashion
Italy's Luxottica trials workers' tag to fight coronavirus

Italy's Luxottica trials workers' tag to fight coronavirus

Luxottica will give employees a monitor that alerts them if they are not respecting social distancing rules and keeps track of contacts with people potentially at risk of coronavirus infection, it said on Thursday. 
Fashion
Farfetch revenue soars as online is only game in town

Farfetch revenue soars as online is only game in town

Farfetch saw its revenue almost doubling in the first quarter as lockdowns meant online was the only option for luxury fashion shoppers. The firm remains loss-making but says it's still on target for profits next year.
Fashion
EU regulators set new August 13 deadline for EssilorLuxottica's Dutch deal

EU regulators set new August 13 deadline for EssilorLuxottica's Dutch deal

EU antitrust regulators have set a new deadline of Aug. 13 for their decision on Ray-Ban maker EssilorLuxottica’s 7.2-billion-euro bid for Dutch opticians group GrandVision, a European Commission filing shows.
Fashion
Inspecs revenues and profits soar in “milestone year”

Inspecs revenues and profits soar in “milestone year”

The Bath-based eyewear manufacturer more than doubled pre-tax profits to $7.35 million in 2019 as revenues jumped nearly 7% to $61.25 million. The British company reports in US dollars.
Fashion
Designers, fashion CEOs and retailers call for revolt against existing delivery system

Designers, fashion CEOs and retailers call for revolt against existing delivery system

A group of fashion CEOs, retailers and designers, including luminaries like Dries Van Noten, Tory Burch and Craig Green, have called for a major rethink in fashion deliveries and greater sustainability in an open letter.
Fashion
Luxury department store chain Neiman Marcus files for bankruptcy

Luxury department store chain Neiman Marcus files for bankruptcy

Neiman Marcus Group filed for bankruptcy protection on Thursday, marking one of the highest-profile collapses yet among retailers forced to temporarily close stores in response to the COVID-19 pandemic.
Fashion
Safilo sales slide due to coronavirus store lockdowns

Safilo sales slide due to coronavirus store lockdowns

Italian spectacles maker Safilo reported a steep decline in first-quarter sales on Wednesday as the coronavirus prompted the temporary closure of most of its stores.
Fashion
EssilorLuxottica sales slump on coronavirus hit, worst yet to come

EssilorLuxottica sales slump on coronavirus hit, worst yet to come

Oakley and Ray-Ban maker EssilorLuxottica reported a slump in first-quarter sales on Tuesday and warned of an even bigger hit in the current quarter as the coronavirus outbreak prompted store closures.
Fashion