Chanel Snaps Up Charvet; Coty Reshuffles Top Leadership

WWD: The Essentialist

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Thursday, July 02

Financial

Chanel Buys Historic French Shirtmaker Charvet

The deal aims to secure the future of the 188-year-old company, which has worked with Chanel artistic director Matthieu Blazy on several recent designs.

Beauty Features

Coty Reshuffles Executive Leadership to Accelerate Coty.Curated Strategy and Streamline Operations

As part of the changes, executive chairman and interim CEO Markus Strobel will take direct control of prestige commercial operations.

Mergers and Acquisitions

EXCLUSIVE: Moreau Paris Will Soon Have a New Owner

Strategic and financial investors are vying for the leather goods brand via a court-supervised process in Paris.

Technology

Luxury Shoppers Are Adopting AI Faster Than Brands Are Adapting, Study Says

New research from Bain & Co. finds affluent consumers are rapidly embracing generative AI for discovery, comparison and purchase decisions.

Designer and Luxury

Azzedine Alaïa Foundation to Expand This Fall

It is to take over the historic Alaïa boutique at 7 Rue de Moussy, which is interconnected with the main foundation space.

Designer and Luxury

EXCLUSIVE: Richemont Gets Behind ‘A Bunch of Designers’

As an offshoot of its AZ Academy post-graduate education program, the Swiss luxury group will accompany six emerging talents in producing and selling their collections at a Paris pop-up this fall.

Fashion Scoops

This Scandi Brand Hired a Cult Favorite Designer Beloved for Elevated Basics

Dagmar tapped Raey’s Rachael Proud as design director.

                                                           

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