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5 Jul

Coltorti Sells Majority Stake to South Korean Group NHN Commerce

by Beautifaire101
Beauty, Featured
MILAN — Italian luxury multibrand retailer Coltorti has a latest partner. NHN Commerce, a worldwide distributor and licensee of brands in the style and wonder sector in South Korea, has acquired a majority stake within the family business, which was established in 1934 in Jesi, in Italy’s Marche region. Details on size of the stake haven't been disclosed, however the South Korean group subscribed to a ten million euro capital increase of Ikonic Srl, which is Coltorti’s parent company. Maurizio Coltorti, who represents the third generation of the founding family and who has led the international expansion of the business, will retain “a big minority stake,” based on the corporate, in addition to the role of director. Managing director Riccardo Bilancioni can be...
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6 Apr

Jane Goodall Sells Out Brooklyn Museum, Steps for Shea:

by Beautifaire101
Beauty, Featured
When in Brooklyn: Jane Goodall, renowned ethologist and conservationist, made a special appearance on the Brooklyn Museum Tuesday night. Recently celebrating her 89th birthday on Monday, the primatologist appeared alongside media company The Meteor for “A Night of Hope in Motion: Dr. Jane Goodall and Friends.” On the event, she shared her message of hope, surrounded by Jane Goodall Institute’s Roots and Shoots youth program and activists, amongst them 24-year-old Pakistani American climate advocate Ayisha Siddiqa and Sanchali Pal, chief executive officer of Commons, a private carbon footprint-tracking app. Brooklyn will keep the highlight on climate when the Brooklyn Style Foundation presents its seventeenth annual Fashion Week Brooklyn event April 9 to fifteen. Themed to the fiftieth anniversary of hip-hop fashion,...
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6 Apr

Zara Parent Company Sells Russian Stores

by Beauty Tips
Fashion, Featured
PARIS — The Russian government has approved Zara parent company Inditex’s bid to sell its business to UAE-based Daher Group. Inditex shuttered its 514 stores within the country in February 2022, following the Russian invasion of Ukraine. The corporate announced its intent to transfer 245 stores to Daher Group last October, pending the approval of the country’s commission on foreign investments. Businesses from Western countries Russia deems “unfriendly” must receive the approval of the commission to sell their operations there. Daher created Fashion and More Management DMCC was created for the transaction. UAE is deemed a “friendly country,” which was key to the deal. The deal was approved by the commission March 30, and announced Wednesday by Russia’s deputy minister of industry and...
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5 Apr

MinervaHub Sells Majority Stake to San Quirico

by Beauty Tips
Fashion, Featured
 MILAN — MinervaHub has a recent majority shareholder. Investment holding San Quirico SpA has acquired 75 percent stake of MinervaHub, which was established last 12 months to guard a lot of Italian manufacturers within the country’s supply chain that help create garments and accessories. The remaining 25 percent stake stays within the hands of one in every of the sellers, Xenon Private Equity, with other coinvestors that include Matteo Marzotto. The Italian entrepreneur maintains his role as president of MinervaHub, which reports sales of greater than 170 million euros, has a portfolio of greater than 1,000 clients, of that are 20 among the many principal luxury brands, and 700-plus employees.  Matteo Marzotto touted the stance of an investor corresponding to San Quirico, which has...
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