If the deal goes through, it would be at a discount of around 90% to the initial public offering price of 295p roughly 18 months ago.

Wolverine Worldwide and Designer Brands have signed an exclusive licensing agreement for Hush Puppies branded footwear in the US and Canada.

The estimated value of the transaction is approximately USD 15 million.

The new ultra-luxurious hotel is expected to complete renovations in 2025.

This transaction is one of the largest hotel acquisitions in the United States since August 2021 and the eighth investment by Trinity Fund Advisors LLC since June 2021, with a total transaction value of $2.1 billion.

Upon completion of the transaction, Indera Mills will become a division of Intradeco. Its owner, John Willingham, will continue to serve as CEO.

Kathrin and Sebastian Proft owns and manages three sustainable fashion companies in Germany and Austria. They started with the takeover of the Bavarian retail fashion company Dollinger, followed by the Stapf brand after insolvency proceedings in 2017, and finally, Feli & Hans (formerly H.Moser) in 2019.

Chanel continues to invest in Italy, acquiring eight local companies in three years.

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.

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