PPR and Yoox to launch Stella McCartney e-store PPR’s Stella McCartney e-store has been added to Yoox portfolio, the global Internet retailing partner for leading fashion & design brands. The joint venture agreement already includes Bottega Veneta, Yves Saint Laurent, Alexander McQueen, Balenciaga and Sergio Rossi. The Stella McCartney online store will be launched globally … Read more
PPR luxury group selling its American plus-size clothing business PPR announces that Redcats has entered into a definitive agreement to sell OneStopPlus Group, its plus-size business in the United States, to Charlesbank Capital Partners and Webster Capital for an enterprise value of USD 525 million. OneStopPlus Group consists of the OneStopPlus.com, Woman Within, Roaman’s, … Read more
Balenciaga appoints Alexander Wang Creative Director PPR’s Balenciaga announced the appointment of Alexander Wang to the post of Creative Director of the Balenciaga fashion house, after PPR said goodbye last month to Nicolas Ghesquiere, Balenciaga’s designer of 15 years, who it is said to have put the brand back on the fashion map. Alexander … Read more
Nicolas Ghesquiere leaves Balenciaga Nicolas Ghesquiere, the Creative Director of Balenciaga fashion house since 1997, will be parting ways with the brand at the end of the month. PPR, the owners of La Maison Balenciaga since 2001, announced that the fashion designer will leave the artistic helm of the house beginning with 30 November 2012. … Read more
PPR luxury group third-quarter 2012 revenue PPR continue to boast strong performances even as growth cools in the luxury and high-end market PPR posted third-quarter 2012 revenue of €2.6 billion, up 6.6% versus the same 2011 period on a comparable basis. PPR’s Luxury division posted an 11.9% leap in revenue in the third quarter of the … Read more
PPR & Yoox prepare a joint e-commerce project French luxury group PPR and Italian online fashion retailer Yoox are holding commercial discussions to examine the possibility of working together on an e-commerce project “No definitive agreement has been signed to date,” PPR said in a statement. Shares in Yoox rose more than 10 percent after … Read more