L’Ambroisie, which holds three Michelin stars, has an annual turnover of approximately 11 million euros.

This year’s global capital investment total is twice that of last year.

Rennaï, with its brand concept of new retail beauty and health management, aims to redefine the future of self-care. It is dedicated to helping customers find the power of self-love throughout their journey of self-care and self-discovery. Rennaï strives to become the preferred one-stop destination for customers, offering a comprehensive range of care services.

Global luxury goods giant Kering has relocated its new headquarters in Italy to Milan, affirming Italy’s expertise and knowledge in the fashion industry.

The two companies will collaborate to develop eyewear retail business in the Gulf Cooperation Council (GCC) region.

“We’re going to stay a private, independent company. Rumors always float around, but you can put those to rest.”

The reasons behind this include concerns about the impact of a new wave of COVID-19 on the Chinese market, leading to the potential reimplementation of strict control policies, which could affect the demand in this crucial luxury consumer market. There are also worries about the slowdown in the growth of the US economy.

In this IPO, IDB raised €70 million, with a total amount of €80.5 million if the greenshoe option is not included. At the beginning of trading, the group had a market value of approximately €293 million.

In this transaction, Chanel will acquire a total of 24.5% ownership in Cariaggi Lanifico, with 18.5% coming from Brunello Cucinelli and the remaining 6% from the Cariaggi family.

The brand will open its first pop-up store in China at the end of June in Shanghai, followed by the official opening of a boutique on Nanjing West Road.