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Luxottica and Essilor merge in $51 billion deal to form glasses behemoth

  Italy-based eyewear giant Luxottica Group SpA and France-based lens-maker Essilor International SA have merged to form, EssilorLuxottica, in a €48 billion ($51 billion at current exchange) deal. The deal was made public this past week and will to bring the new entity’s combined revenues to €15 billion ($16 billion), and combined net EBITDA of approximately €3.5 billion ($3.7 billion) …

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Meet Koio: The approachable luxury sneaker brand you never knew you needed

When it comes to having a passion for leather sneakers, Koio founders Johannes Quodt and Chris Wichert’s penchant for cool kicks, comes close to an obsession. Quodt and Wichert told me over the phone a few months ago that you can trace their love for sneakers all the way back to high school. “We’ve always been aesthetically inclined and have …

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Dee Ocleppo Hilfiger and Authentic Brands Group invest in Judith Leiber

Dee Ocleppo Hilfiger has acquired a minority stake of New York-based accessories brand, Judith Leiber, through a strategic partnership with Authentic Brands Group. Financial terms of the deal were undisclosed. As part of the investment, Ocleppo Hilfiger, fashion designer Tommy Hilfiger’s wife, will become co-owner, global brand ambassador and creative director of the accessories brand. “Dee’s style and creative influence will infuse …

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Rebecca Minkoff partners with Quotidian Ventures to launch fashion tech fund

Rebecca Minkoff is launching a fashion tech fund and making good on her promise to bring more women into the fashion/tech fold. Minkoff and her brother Uri announced Tuesday, on a panel at the National Retail Federation’s 2017 conference, that they’ll be partnering with Quotidian Ventures, a New York-based seed-stage venture firm, to launch the fund. The fund’s amount was …

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