Kering shuts down down acquisition of Moncler. The group led by François-Henri Pinault confirms that the acquisition of the French company is not on the table. Pinault argues that the group will focus on existing brands, which include Saint Laurent, Balenciaga and Gucci, among others.

Simon Property, Brookflield Property Partners and Authentic Brands have obtained a green light for the purchase of the company, which had filed for bankruptcy in September 2019.

The American group of department stores intends to adopt a new strategy focused more on the end customer.

The American group of department stores intends to adopt a new strategy focused more on the end customer.

While Bernard Arnault’s group maintains its buyer appetite, Kering has divested to focus on fashion and luxury and has relied on star designers to boost the core of most of its brands in its portfolio.

The founder of Desigual appeared before the media yesterday and reviewed for the first time the past, present, and future of the company. “what have we done wrong? Not bringing enough innovation to the market,” he lamented.

The Swiss manufacturer of perfumes bought 4.68% of the French company. Firmenich also invested in the company last September.

The decline is due to the agreement reached with the Italian tax agency and the 1.18 billion euros in extraordinary grain recorded in 2018 for the sale of Puma. 

The company will pay 1.28 billion euros (1.4 billion dollar), overtaking Advent fund, who was said to be neck-in-neck in securing the deal. The objective is for the sale to close this mid-February.

The high-performing outdoor clothing company and apparel maker has filed a lawsuit in California against OC Media, a Wyoming-based local brand for infringing its trademarks with the ‘Petrogonia’ clothing line.  

Both companies have had a coexistence agreement since 1980 by which they could both operate in the same markets. The accusation highlights unfair competition, breach of contract, and trademark violation