According to the terms of the transaction, both Prada and Zegna will individually hold a 15% stake in Fedeli.

Debut is a vertically integrated synthetic biology company that specializes in end-to-end exploration, formulation, clinical trials, and production of novel ingredients and products.

Nuti Ivo Group has a long-standing tradition in the manufacturing field, specializing in leather products since its establishment in 1955. It has emerged as one of the most prominent leaders in the international leather industry.

Gruppo Florence has built a large production conglomerate through acquisitions, currently comprising 26 companies. In 2022, the group achieved a total revenue exceeding €600 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.

Sephora China has developed a strategic roadmap for sustainable development, aiming to build a green ecosystem in the high-end beauty industry. Over the next seven years, Sephora China will implement sustainable initiatives covering four major topics: climate change, circular economy, transparency, and societal well-being. These initiatives are designed to promote sustainability and contribute to a greener future in the beauty sector.

The Richemont analyst conference provided a wealth of valuable insights and disclosures.

This is another move after the successful integration of the brand’s leather goods center in Florence, Italy.

Nike’s zero-carbon smart logistics park has been completed in Taicang, Jiangsu, China.

Hind expands its business portfolio to the textile industry through this transaction.