The deal comes at a time when the entire luxury industry is investing heavily in digital services. During the pandemic, luxury companies got rid of past concerns and turned to develop new channels to connect with their customers, thus turning to online options faster.

Led by Regah Ventures, sports luminaries, including New York Giants captain Xavier McKinney, NBA player PJ Tucker and Premier League soccer player Jesse Lingard followed suit.

Nicholas Kirkwood had finally made the decision to shutter the 18-year-old brand after a “wild and exhilarating journey”.

Norda not only fills the niche market targeted by Zegna Group but also fits the Group’s high-end positioning. 

Bremont’s valuation will exceed £100 million. 

It is the first national-level exhibition with the theme of featuring consumer products, the largest consumer products exhibition in the Asia Pacific region, and one of the four major exhibitions held by the country.

Founded by Constanza Gomez and Agustina Mir, Sortile is based on fiber recycling and transparency and is committed to diverting textile waste from landfills through the identification, traceability, and recycling of textiles.

Investors include private equity fund Arkéa Capital, the private equity arm of Crédit Mutuel Arkéa Group, private equity funds Raise Investissement, and Dzeta Group.

Paolo Aimino, EY Italy market leader, and Frederico Bonelli, EY Western Europe retail, fashion, and luxury leader, noted that “After a record-breaking 2021, the global IPO market took a sharp turn in the opposite direction in 2022. With only 1,333 IPOs raising US$179.5b, IPO activity dipped 45% and 61% by number of deals and proceeds, respectively, year-over-year (YOY).”

Aesop currently has nearly 100 products, sold in 320 stores in 25 countries around the world, and is very popular in high-end restaurants and hotels.