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Switzerland-based luxury giant Richemont has acquired a 100 percent stake of Delvaux, the renowned Belgian luxury leather goods company, in a private transaction. Commenting on the acquisition, Philippe Fortunato, CEO of fashion and accessories maisons at Richemont, said: “Delvaux’s rich archives and creative momentum over the last 10 years...
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Alber Elbaz dies from Covid-19
Alber Elbaz, the designer best known for his feminine, whimsical collections at Lanvin, has suddenly died at the age of 59. Industry sources say Elbaz was ill with Covid-19 for three weeks. Elbaz had only recently launched AZ Factory, backed by Swiss-based luxury group Richemont. “We are devastated – Alber passed away from Covid after being in...
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LVMH, Prada and Cartier join forces to form blockchain consortium
Fashion conglomerate LVMH is joining forces with the Prada Group and Cartier, part of Richemont, to form the Aura Blockchain Consortium to address the “shared challenges” of communicating authenticity, responsible sourcing and sustainability in a secure digital format. The move marks the first global blockchain consortium dedicated to the luxury...
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