The Neiman Marcus Group Inc. was purchased for $6 billion by investment firm Ares Management and the Canada Pension Plan Investment Board Sept. 9, which makes this the second United States-based department store after Saks Fifth Avenue that has new Canadian owners.
New York department store Bergdorf Goodman is pushing a new campaign for its 5F contemporary section through a digital campaign that includes images, video and a music playlist.
Italian fashion house Versace is considering an initial public offering in the next few years, which could help the brand expand even further than it has recently.
Social-mobile fashion application Pinxter is adding additional features in order to help brands survey consumer opinions and push mcommerce with branded images.
German label Hugo Boss is heralding the reopening of its BOSS flagship store in New York’s Shops of Columbus Circle with a public video installation exhibit and a branded hashtag.
As more brands offer live streaming and online replays of their presentations at global fashion weeks, the location of the actual show and of viewers is becoming less important.
As luxury conglomerate LVMH Moët Hennessy Louis Vuitton recently decided to forgo its expected appeal and take the fine handed down by Autorité des Marchés Financiers, or AMF, for acquiring shares in family-owned French leather goods maker Hermès, there are a few takeaways for the luxury industry.
Footwear label Jimmy Choo is pushing its new eyewear collection in a fast-paced video and shoppable image slideshow that showcases the brand as an important aspect of a glamorous lifestyle.
Magazine publisher Condé Nast International is expanding its traditional publishing role by announcing a $20 million investment in French online luxury resale Web site, Vestiaire Collective.
Italian fashion house Gucci is taking consumers inside its men’s flagship store in Milan through an interactive view on Google Maps.