The Chinese powerhouse Fosun International has recently bought a majority stake in the French fashion brand Lanvin.
The purchase was announced in a statement this past Thursday. The Shanghai company owns a wide range of brands including Club Med resorts and the men’s label Caruso.
Lanvin, founded in 1899, is the oldest fashion house in France. The brand has been bought by Shaw-Lan Wang in 2001, which turned it into a global brand.
Chinese businesses are looking to expand their portfolio of luxury European brands. Back in January, it was revealed that Shandong Ruyi Group were the leading bidders for the Swiss luxury handbag company Bally. The French crystal maker Baccarat was bought by the Chinese group, Fortune Fountain Capital in June last year.
According to the firm, Bain & Co., luxury sales have grown in China by 20 percent last year, with a third of the sales coming from Chinese consumers.
New York Fashion Week usually encapsulates bedlam, but for one French label, it’s very very different. An hour before the Zadig & Voltaire’s runway show, models, dressers, hair and makeup stylists were still prepping to make sure the show ran smoothly.
“I’m a perfectionist,” said Cecilia Bönström, 47, the brand’s artistic director. “Even though I have a creative job, I like everything to be really clear; I like to follow a schedule.”
Zasig & Voltaire is a French brand that prides itself on offering styles that are filled with streetwise edge and easiness.
“This season, my message is to confirm that Zadig & Voltaire is the contemporary rock ‘n’ roll brand,” Bönström explained. “For me, the girls are very delicate but, at the same time, very rock. There are a lot of legs, a lot of skin. There are leather and knitwear with perfect, sexy cocktail dresses.”
This year, Zadig & Voltaire is celebrating its 20th anniversary, a benchmark that is rarely ever achieved, especially in luxury fashion. With fashion fluctuating now that more of the spending habits have shifted, many labels are struggling to keep a grip on the fashion world. The reason Zadig & Voltaire’s does so well is that even when there are trends coming and going, the company sticks to its core aesthetic and value, something the label’s founder, Thierry Gillier, learned very early on:
“When I came to America, on Madison Avenue, it was very difficult. Everything was more classic than what we were showing. Slowly, that changed. The look today is very inspired by the street. For me, it was obvious that the fashion business would change. The clothes were very stiff and rigid, and I wanted to make it more relaxed.”
Traveling is one thing that should for sure be on your list of goals for a lifetime. Explore the fabrics of the world and roam the streets where some of the most legendary designers have walked. Here are some places you should consider traveling to next!
7. Tokyo, Japan
Japan unleashes fashion at its wildest. Platform shoes to people dressed as anime characters. Fashion is not just clothes in Japan, but a whole new way to transform yourself. In Japan your outfit isn’t complete unless you hair is as funky as your wardrobe. Have you checked out clothing lines like Bathing Ape and COMME des GARÇONS?
6. Berlin, Germany
Street wear is big in Germany. Edgy patterns and color blocking are a must here. Germany, in fact, houses two of the biggest sneaker brands; Adidas and PUMA.
5. Barcelona, Spain
Balenciaga sunglasses, Why not? Enjoy the warm weather and beaches in Spain.
4. Rome /Milan, Italy
These historic cities are one of the most crucial places to visit! Italy is known for having some of the best shoe designers in the world. This is Sightseeing fashion heaven filled with designers such as Versace, Valentino, and Moschino.
3. London, England
A Burberry trench for the fall is a fashion essential for the London fog. Drive around London and pick up a pair of some Alexander McQueen shoes while you are there. Filled with dapper tailored suits and known for their beloved desire of hats. Do you remember Pharrell’s infamous Vivienne Westwood Hat?
2. Paris, France
Discover the history of popular fashion houses such as Chanel, Louis Vuitton and Hermes. Walk around this fashion savvy city in your adored Red Bottoms soaking in the Parisian culture. Souvenirs? A great gift for your fashionista girlfriend would be a pair of these handcrafted shoes . Isn’t this a fashionMr Dream come true?
1. New York City/ Los Angeles, USA
“New York, New York.” The Big apple is ranked as the number one city on the fashion capital list. Be sure to grab yourself a cup of coffee from Starbucks, because this overly populated city will have you on your feet and waiting for a yellow taxi. The city contains 5 boroughs that each contains a selected trend of fashion.
They say “California girl are unforgetable” so add LA to the top of your list as well. Ranked right beside New York City, LA has produced some of the most iconic fashion movies and TV shows. The legendary Alfred Hitchock loved to bounce back & forth from LA to NY filming some of his classics. Plus, I’m sure you’d love to shop down Rodeo Drive !
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