Luxury Headlines – 14/4/2025
Luxury Headlines – 14/4/2025
-
Prada Group Acquires Versace for €1.25 Billion
Prada Group has announced the acquisition of Versace from Capri Holdings for €1.25 billion ($1.38 billion). Despite ongoing market volatility, Prada plans to add the iconic Italian brand to its portfolio alongside Prada and Miu Miu. Versace, which was acquired by Capri Holdings in 2018 for €1.8 billion, has faced recent financial setbacks, including a 19% revenue drop to $810 million in the fiscal year ending March 2025. Prada will also invest an additional €250 million to relaunch and reposition the brand.
-
LVMH Continues Executive Moves at Fendi, Louis Vuitton China, and Kenzo
LVMH has announced leadership transitions across three of its fashion houses. Effective July 1, 2025, Ramon Ros, former President and CEO of Louis Vuitton Mainland China, will take on the role of CEO of Fendi. Daniel DiCicco, an external hire with deep expertise in the Asian market, will succeed Ros at Louis Vuitton starting April 28, 2025. At Kenzo, Charlotte Coupé, previously head of Louis Vuitton Men's Ready-to-Wear, will step into the role of CEO on May 1, 2025, with a focus on continuing the brand's modernization and growth strategy.
-
Chanel Acquires 35% Stake in Italian Silk Specialist Mantero
Chanel has acquired a 35% stake in Mantero Seta SpA, a renowned silk specialist based in Como, Italy. Confirmed by the brand for an undisclosed amount, the investment is described as a natural extension of a partnership spanning over 50 years. The move is intended to boost Mantero's growth in an increasingly competitive market while ensuring continued collaboration with its existing clients and aligning with Chanel's broader strategy. This acquisition comes ahead of Chanel's upcoming cruise collection presentation on Lake Como.
-
Orient Express Debuts First Hotel in Rome with La Minerva Opening
International hospitality brand Orient Express, renowned for its iconic luxury trains, has inaugurated its first hotel in Rome, La Minerva. Located near the Pantheon in a restored 17th-century palazzo, the 93-room property blends historic Roman architecture with vintage train-inspired design. Guests can enjoy international dining, rooftop amenities, and elegant event spaces. This debut in Rome follows the launch of La Dolce Vita Orient Express train and precedes the upcoming opening of the Orient Express Palazzo Donà Giovannelli in Venice, continuing the brand's expansion through partnership with the Arsenale Group.
-
Lancôme Hosts Skin Science Club in Paris
Lancôme has launched the Skin Science Club, a month-long pop-up experience in Paris, to showcase its skincare innovations. Hosted at the brand’s flagship on the Champs-Élysées, the event offers a range of interactive experiences where visitors can participate in a beauty knowledge quiz led by Pepper the robot, receive complimentary skin diagnostics powered by Lancôme’s beauty tech, and get personalized skincare routine recommendations. Masterclasses led by Lancôme experts will also be held for VIP clients.
-
Balenciaga and Scholl Launch Fall 2025 Capsule Footwear Collection
Balenciaga has teamed up with Italian footwear brand Scholl for a capsule collection launching in Fall 2025. The collaboration blends Balenciaga's signature design aesthetic with Scholl's heritage in orthopaedic footwear. Design highlights include metal buckles inspired by Scholl's expertise and reimagined platform clogs, all crafted from premium material. The collection is now available at select Balenciaga boutiques and online.
-
European Commission Approves Mytheresa’s Acquisition of YNAP
Luxury e-tailer Mytheresa has received regulatory approval from the European Commission for its acquisition of Yoox Net-a-Porter (YNAP), leading the way for the formation of LuxExperience when the deal closes on April 23. Mytheresa CEO Michael Kliger will lead the new group, with corresponding executive changes across Mytheresa's leadership. Francesca Tranquilli will oversee YNAP's integration as Chief Transformation Officer. Following Alison Loehnis's departure in June, Heather Kaminetsky will become CEO of Net-a-Porter, Toby Bateman will lead Mr. Porter, and Mirko Nobili will head Yoox. Net-a-Porter and Mr. Porter will remain separate websites but will transition to Mytheresa's platform, while Yoox and The Outnet will continue operating on their current systems.
-
Abu Dhabi’s CYVN Forms McLaren Group Holdings Following Strategic Acquisition
CYVN Holdings, an Abu Dhabi-based investment firm, has completed its acquisition of McLaren Automotive and a minority stake in McLaren Racing. These entities are now consolidated under the newly established McLaren Group Holdings, with Nick Collins, former CEO of Forseven, appointed as CEO. This strategic move combines McLaren’s manufacturing legacy with Forseven’s innovation in electric mobility, aiming to build a leading British automotive brand focused on cutting-edge design, performance, and advanced engineering.
Subscribe to receive latest insights
Related Insights
This Week in Luxury
Luxury Headlines – 7/4/2025
From leadership shifts in Parisian retail to fresh entries in eyewear and hospitality! Discover the hottest updates in the...
This Week in Luxury
Luxury Headlines – 24/3/2025
From creative shifts in fashion to bold expansions in hospitality and wellness! Discover the hottest updates in the world...
This Week in Luxury
Luxury Headlines – 17/3/2025
From creative shifts in fashion to luxury hospitality innovations! Discover the hottest updates in the world of luxury!
Let us partner for success.
Contact us and see how we can help your experience transformation goals.