The Missoni Group has finalized a deal that transfers full control to Italian equity firm FSI while bringing in Katjes Quiet Luxury as a new minority shareholder.
The Missoni family sold its remaining stake in the company. FSI increased its holding from 41.2 percent to 73 percent, and Katjes Quiet Luxury acquired the other 27 percent. The transaction closed on May 21 after earlier speculation in January and an announcement in March that FSI would take majority ownership.
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Indra's board meeting on Wednesday resulted in no changes to top management, with Ángel Escribano remaining president and José Vicente de los Mozos as CEO. The state-owned SEPI, holding 28% stake, did not push for alterations due to lack of support and recent stock declines. Funds like T. Rowe Price raised their stake above 5% backing Escribano.
Marquee Brands has entered a definitive agreement to acquire a majority interest in the Italian luxury fashion house Roberto Cavalli. The New York-based company announced the deal on Wednesday without disclosing financial terms. This marks Marquee's first foray into luxury acquisitions.
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Citigroup has finalized the sale of 22.6 percent of its stake in Grupo Financiero Banamex—part of its ongoing divestiture process—to institutional investors and family offices. The deal, announced in February following the prior 25% sale to Fernando Chico Pardo's group, leaves 1.4 percent of the total 24 percent stake remaining for completion in coming months. Most transactions have secured approvals from Mexico's competition regulator.
WHP Global has closed its purchase of LVMH's majority stake in Marc Jacobs, bringing in G-III Apparel Group as co-owner. Marc Jacobs will remain creative director as the brand shifts focus to licensing under WHP and retail/wholesale operations under G-III.
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Liliana Aufiero, 81, is leaving the executive presidency of Lupo. Carlos Alberto Mazzeu takes over the role starting June 1.
During Milan Fashion Week, models at Missoni's fall 2026 ready-to-wear presentation appeared with pigtail braids, highlighting a shift toward playful hairstyles. Creative director Alberto Caliri presented a collection focused on layered outerwear, complemented by distinctive hair options including the 'Olsen tuck' and braids.
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Milan Fashion Week for Fall/Winter 2026 commenced on February 24, featuring major designer debuts at houses like Gucci, Fendi, and Marni amid a challenging luxury retail landscape. The event includes 52 runway shows and 89 presentations, highlighted by emerging talents and cultural initiatives following the Winter Olympics. Diesel kicked off the week with a show emphasizing texture and excess.