Fashion

IKKS sells shares to LBO France

Private equity firm LBO France has acquired the majority of shares in French fashion brand IKKS, with 30 % still under control of Roger Zannier and investment group Silverfern as a minority shareholder.

Carlyle increases its stake in Twin-Set

American private equity firm Carlyle Group has increased its stake in Italian fashion chain Twin-Set to 90 % and it has also appointed a new CEO: Alessandro Varisco.

Nike founder will step down next year

Phil Knight, Nike founder and chairman, has said he will resign in 2016. He founded the company in 1968, alongside Bill Bowerman, was its CEO until 2004 and has been its chairman for the past 48 years. 

Fashion designer Donna Karan (DKNY) throws in the towel

Fashion designer Donna Karan has decided to no longer create new collections for her own company, Donna Karan International. She will stay on in an advisory role and will now turn most of her attention towards her Urban Zen foundation.

Hermès in eye of the storm after leaked production footage

French fashion label Hermès is in the eye of the storm after animal welfare organization PETA published footage of its factories. Hermès manufactures leather-wear and the footage shows the abysmal treatment of crocodiles and alligators in those facilities.

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