Jimmy Choo News

At least five brands have signed Hindi film celebrities in the past two weeks, accelerating a turnaround that began earlier in the year after a lean phase in 2021 and 2022, when a string of box office flops and a drug controversy took a toll on big Bollywood endorsements. On Thursday, Bisleri International named Deepika Padukone as its first global brand ambassador. She will also feature on bottle labels of the mineral water brand.

Fashion company Tapestry says it’s terminating its proposed merger with Capri because the two luxury groups don’t expect to overcome an antitrust challenge within an acceptable time frame

Tapestry and Capri Holdings have filed their notice to jointly appeal the decision by a U.S. District judge to temporarily halt the merger between the makers of Coach and Michael Kors handbags, according to a court filing Monday

Stocks gave up an early gain and closed mostly lower on Wall Street, ending a six-week winning streak

A U.S. District judge has halted the merger between makers of Coach and Michael Kors handbags, saying it would reduce competition and hurt consumers

Democratic National Convention in Chicago saw a remarkable appearance of Michelle Obama. As a prominent speaker at the event, the former first lady opted to wear an intriguing ensemble from Monse's resort 2025 collection. She complimented her look with coordinating trousers and a sleeveless jacket with a unique crisscross design, as per the reports of Yahoo entertainment. Obama added a little elegance with her choice of accessories to finish the entire ensemble. Her dress was enhanced with jewelry from David Yurman, and she wore Jimmy Choo's Scarlett pumps.

Reports this week in Mint on the government’s new quality-control orders on high-end luxury shoes from Louis Vuitton and Christian Dior included the gem that the shoes certified appropriate for pampered Indian women’s feet would be mandated to have an ISI stamp (a sign of Indian Standards Institute approval) to embellish them. This sounded like a comic skit of the new licence raj, written not by Kafka but by those who made Carrie Bradshaw and her love of swanky Jimmy Choo shoes a key theme of the TV series Sex and The City. Such certification is impractical.

Squid Game: The Challenge, Mai Whelan is still waiting to get the money in her bank account. Commenting on her situation, the 55-year-old immigration adjudicator said: “I feel like Tom Cruise in Jerry Maguire. Show me the money!”

Foreign luxury brands ranging from Swarovski, Coach, Jimmy Choo, Bulgari, Cartier, Gucci and many more have brought in new collection especially for Diwali. Swarovski's Diwali special collection includes Mesmera, Millenia, and Gema. The brand unveiled new pieces of Jewelry Collection with items ranging from jewellry, gifts, wactches, decorative items.

Stocks that traded heavily or had substantial price changes Thursday: AppLovin, Wynn Resorts rise; Tapestry, Plug Power fall

Tapestry, parent company of luxury handbag and accessories retailer Coach, is buying the owner of fashion brands including Michael Kors, Versace and Jimmy Choo, Capri Holdings

By Aishwarya Venugopal

Tapestry Inc., the owner of brands including Coach and Kate Spade, agreed to acquire Michael Kors parent Capri Holdings Ltd. in an $8.5 billion deal that shows the wave of consolidation in the luxury goods sector is far from finished. The New York-based firm is paying a $57 per share in cash, according to a statement Thursday, a 65% premium over Capri's last closing price. The transaction is expected to close in 2024, subject to approval by regulators and Capri shareholders. “We are confident this combination will deliver immediate value to our shareholders,” Capri Chief Executive Officer John Idol said in the statement. “By joining with Tapestry, we will have greater resources and capabilities to accelerate the expansion of our global reach while preserving the unique DNA of our brands.” Tapestry shares fell as much as 6% in early trading before paring their decline. Capri was up 59%. Capri's shares have tumbled recently as a pullback in spending by US consumers in department stores dented sales of the mass-market Michael Kors brand.

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Investors piled into online retailer Cettire, pushing up the stock by 12 per cent on Thursday, after founder and chief executive Dean Mintz flagged the positive momentum from 2023 has continued into the new financial year with luxury shoppers still spending.

Dylan Sprouse, who became a household name with his performance as a child actor in the Disney Channel series 'The Suite Life of Zack & Cody', tied the knot with model Barbara Palvin in an intimate wedding ceremony in Hungary. The couple exchange their wedding vows during the weekend on July 15. For the ceremony, the 29-year-old opted for a custom strapless gown from Vivienne Westwood and paired it with jewellery from Tiffany & Co.

Reliance Brands Ltd is in talks to fully acquire actress Alia Bhatt's children wear brand Ed-a-Mamma for ₹300-350 crore, two industry executives said. Reliance Brands is a subsidiary of Reliance Retail Ventures, the conglomerate's retail business holding company. Ed-a-Mamma is an over ₹150-crore brand, according to media reports, and is primarily sold online.

Consumers are still splurging on Ralph Lauren polos and Jimmy Choo shoes, helping those brands buck the inventory troubles and spending shifts that have tripped up other retailers this year.

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Hong Kong-based non-fungible token (NFT) platform Ucollex closed a $10 million Series A funding round led by Animoca Brands and the MCP IPX One Fund from Japanese investment firm MCP Asset Management.