Chinese conglomerate Gangtai Group has purchased an 85 percent stake in Italian jeweller Buccellati, a recent report revealed. Private equity firm Clessidra earlier acquired 67 percent of the jeweller in 2013. After the sale to Gangtai, Clessidra and the Buccellati family will retain a 15 percent stake in the brand, a report from Luxury Daily said. Marco Carotenuto, managing … Read More →
KGK Group, a global corporation with fully integrated operations in the gemstone and jewellery industry, recently launched a new brand identity, which the company said is in line with its evolution and growth into a mines-to-brands enterprise. The brand refresh includes a new logo, new tagline and a revamped website. The logo reflects the company’s … Read More →
UAE-based Pure Gold Group will invest AED 1.2 billion (approximately US$400 million) to expand its regional operations over the next decade. While the primary investment will be in the jewellery sector, the company will also invest AED 200 million (about US$54 million) in other sectors and in its luxury sunglasses retail chain La Moda Sunglasses, … Read More →
Hong Kong-based Must Group has signed an agreement with the Bangladesh Export Processing Zones Authority (BEPZA) to set up a garment industry in Bangladesh’s Ishwardi Export Processing Zone. This company which will produce the garments will be known as M/s Hoi Bun Fashions Ltd. It will be the 4th industrial unit in EPZs under Must … Read More →
To help the Chinese ecommerce giant to buy stakes in Chinese and overseas companies, Alibaba Group Holding has signed a deal for a $3 billion five year loan. As per a Reuter report, Jack Ma led Alibaba has been expanding in areas beyond its core ecommerce base, following slowdown in its online shopping business. In … Read More →
London – Yoox- Net-a-Porter (YNAP), online luxury fashion retailer has joined forces with technological firm IBM to form a long-term strategic partnership which aims to enhance YNAP platform, share technology and develop a new think-tank. The new partnership aims to focus on enhancing YNAP omni-channel capabilities, built around customer-centric innovation, which in turn will allow … Read More →
United Legwear & Apparel (ULAC) has acquired San Diego based Wheat Group, a designer and distributer of accessories relating to sports and fashion. Product categories of Wheat Group include; bags; backpacks; hats and caps; knee-to-toe soccer gear; inflatable sports balls; small electronic goods such as earbuds; personal fitness equipment, etc. “Since 2011, Wheat Group has … Read More →