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. 

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.

Providence has simultaneously entered into a long-term operating agreement with its portfolio company, OUTFRONT Media Inc (OUTFRONT), one of the largest outdoor media companies in the United States. OUTFRONT will operate the billboards on Providence’s behalf. The specific financial terms of the transaction have not been disclosed.

France has the most camping facilities where they account for more than 33% of the total camping facilities in Europe. According to Campings.com, Dutch and German holiday goers accounted for 16% of internet bookings for campsites in France in 2022.

Having acquired Lambert Spawn Europa B.V., the company vertically integrates a major source of mushroom substrate — mixtures of raw agricultural products inoculated with specialized mushroom strains — within the operations of the world’s premier developer of mycelium materials and products.

The two brands will retain their independence with their own exhibition concepts and locations.