So that you have all the cards in hand, FashionUnited has put together a catch-up session. A look back at the most notable fashion and business news from last week.
H&M group closes its Monki stores
The Monki brand's own stores will soon be a thing of the past. In a press release, the Swedish fashion group H&M, parent company of the brand, announced that a limited number of Monki stores will be transformed into “Weekday multi-brand destinations”, while the remaining stores will be closed. Continue reading.
End clap for the Casa93 Mirail school and the ModaFusion association
The Casa93 Mirail school, inaugurated in September 2022 in Toulouse, a secondary establishment legally dependent on the Modafusion association, has closed.Continue reading.
Transfer of power at Kering: Charbit at the head of Saint Laurent, Gianangeli at Balenciaga
Kering has unveiled a new organization within its flagship houses. As of January 2, 2025, Cédric Charbit will take the reins of Saint Laurent, while Gianfranco Gianangeli will succeed Charbit at the helm of Balenciaga. These appointments are part of a broader strategy aimed at strengthening the growth and influence of the group's brands. Continue reading.
Surveillance of Ruffin for the benefit of LVMH: in court, defendants refute any “infiltration”
Since Wednesday, the Paris criminal court has been examining the third part of this file, which concerns the incredible surveillance, between 2013 and 2016, of the journalist, subsequently elected deputy, and members of the Fakir newspaper. Continue reading.
Printemps department stores allow cryptocurrency payments
The Printemps group announces the arrival of payment by cryptocurrency within its network of department stores. A first in retail in France. Continue reading.
Mytheresa reports solid increase in sales
The e-commerce platform Mytheresa revealed rising financial results on Tuesday. A highly anticipated report, and for good reason: the company announced at the beginning of October the acquisition of Yoox-Net-a-Porter (YNAP), thanks to which it plans to become a major luxury player on a global scale. Continue reading.
The acquisition of Paris FC by the Arnault family soon to be finalized
The takeover of Paris FC by the Arnault family will be finalized “in a few days”, said club president Pierre Ferracci on Wednesday during a press conference held in Orly to detail the outlines of the new shareholders' project. Continue reading.
Fashion Reboot 2024: Trump, Chinese market, consumer distrust and Quiet Luxury
The election of Donald Trump, the loss of momentum of French luxury brands on the Chinese market, the feeling of being duped by marketing and the quiet strength of Quiet Luxury are the four main themes addressed by the Institut Français de la Fashion, on the occasion of its Fashion Reboot 2024. Continue reading.
Salomon recruits content and social media director for Chanel Parfums et Beauté
Salomon welcomed a new public relations and communications manager to its teams. The French sportswear company has named Anne-Laure Nicod as global director of public relations and communications, Salomon announced Friday. Anne-Laure Nicod will be based at the company's headquarters in Annecy and will lead Salomon's communications activities globally. Ms Nicod succeeds Tim Sweeney, who is leaving the brand after more than eight years. Continue reading.
Maurizio Donadi is the new artistic director of Champion
Maurizio Donadi joins the management of Champion, effective December 1, 2024. He is responsible for instilling the energy, vision and growth that will shape the future of the brand. Continue reading.
Pierre-Arnaud Grenade is appointed president of APC
The French brand APC has a new president. After working on the development of the Ba&sh brand, Pierre-Arnaud Grenade will manage the company founded by Jean Touitou in 1987. Continue reading.
