Valentino label’s owner, the Qatari investment firm Mayhoola for Investments purchased French fashion house Balmain without revealing how much it was paid for the new luxury acquisition. Financial medias revealed that the Qataris offered 485 million euros ($546 million) for Balmain. The offer was higher than the sale estimates of between 300 to 400 million … Read more
MCM and British designer Christopher Raeburn unveiled their highly-anticipated collaboration in London. For Spring/Summer 2017, MCM and the rising British designer debuted a capsule collection in celebration of the travel luxury label’s 40th anniversary this year. Presented during London Collections Men, the range redefined travel for global nomads with technical fabrics and sustainable materials, including … Read more
London designer Jonathan Saunders was named Chief Creative Officer at Diane von Furstenberg fashion house. In this newly created position, Saunders will be responsible for the overall creative direction of the brand and he will report to CEO Paolo Riva. “Jonathan’s extraordinary passion for colors and prints, his effortless designs, and his desire to make … Read more
Sotheby’s auction house announced that it will auction the 1109-carat “Lesedi la Rona” – the largest gem- quality rough diamond to be discovered in over a century and the largest rough diamond in existence today – in a stand-alone sale in London on 29 June 2016. Estimated to achieve in excess of $70 million*, the … Read more
A recent deal with WME-IMG talent agency signals a potential move away from the gallery system as investors look to scale up the still minuscule art market
Lewis Hamilton and Sacha Baron-Cohen among new entrants while a number of Britain’s billionaires saw their fortunes fall