Prada, Zegna Again Team on M&A Deal

6 Jun

MILAN — The Ermenegildo Zegna Group and Prada Group have joined forces once more, signaling one more example of a cooperative attitude increasingly emerging amongst Italian fashion entrepreneurs, and the importance of high-quality knitwear in the luxurious segment. Zegna and Prada have agreed to purchase a 15 percent stake each in Luigi Fedeli e Figlio Srl. Luigi Fedeli, currently chairman and chief executive officer of Fedeli, will hold the remaining 70 percent of the corporate and can proceed in his present roles. Founded in 1934 in Monza, Italy, and now overseen by a 3rd generation of the Fedeli family, Fedeli is recognized for its Made in Italy knitwear and high quality yarns. Gildo Zegna, chairman and CEO of the Ermenegildo Zegna Group, and Patrizio...

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10 May

Estée Lauder Cos. Backs Group CEO, Leadership Team in

by Beautifaire101

Beauty, Featured

NEW YORK — The Estée Lauder Cos. board of directors and Lauder family has strongly backed group president and chief executive officer Fabrizio Freda and the corporate’s leadership team in an internal memo sent to employees Tuesday, which was obtained by WWD. In a move to quell any concern produced by a recent report that the Estée Lauder Cos. could soon face pressure from a billionaire activist investor, William Lauder, the Estée Lauder Cos. executive chairman, wrote the memo on behalf of the board and his family. As previously reported, on Sunday The Recent York Post published an article saying that Nelson Peltz is considering making Lauder his next activist play after the Walt Disney Co., including potentially pushing a sale of...

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6 May

Blackpink’s Jennie Kim, Calvin Klein Team Up for Limited-edition Capsule

by Beauty Tips

Fashion, Featured

Blackpink’s Jennie Kim, who has been featured in Calvin Klein’s ad campaigns, is teaming up with the home to launch a limited-edition capsule collection called Jennie for Calvin Klein. The South Korean artist, brand ambassador and global star has been related to the Calvin Klein brand since 2021, when Kim was featured in a campaign for CK’s collaboration with Heron Preston. She has been featured in Calvin Klein campaigns ever since. The casual collection entails a choice of underwear sets, denim, T-shirts, fleece and knits infused with Kim’s style and creativity. Designed in a pastel color palette chosen by Kim, it includes personalized touches equivalent to custom branding that reimagines the enduring Calvin Klein logo in her own handwriting. There are 17...

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3 May

Windsor and Stylitics Team Up for AI-powered E-commerce

by Beauty Tips

Fashion, Featured

Women’s fashion brand Windsor has announced its latest partnership with Stylitics, a man-made intelligence-fueled digital merchandising platform, to create automated styling and product recommendations for e-commerce web sites. The corporate will create outfit and product recommendations for greater than 50 million shopper sessions a yr, which is predicted to create a median of 21 percent increase in the common order value for partner brands and a 23 percent increase in units per transaction. “We're thrilled to welcome Windsor to our growing list of leading brands that improve the client journey with Stylitics’ compelling styling, outfitting and bundling content,” said Rohan Deuskar, founder and chief executive officer of Stylitics. “With prom, graduation and wedding season just across the corner, Stylitics will...

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