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.

Three temporary factories will be located in Fribourg, Romont, and the Vivier SA industrial park in Villaz-Saint-Pierre, Switzerland.

Founded in 1989 in Moirans-en-Montagne, in the Burgundy-Franche-Comté region of eastern France, UNT is a key player in the manufacturing of high-precision metal and mechanical components for the entire luxury eyewear industry.

Aarts Packaging serves clients in the high-end beauty and lifestyle brands, food, and life science end markets, such as medical and pharmaceuticals.

The trend of “near-shoring” is becoming increasingly popular, making Mexico a hot spot for investment by many major players.