Dior claims Valentino restricted sales in its Rome boutiques due to the Italian house’s show at the Spanish Steps. Image credit: Valentino
Luxury Daily’s live news for July 11:
Dior requesting compensation from Valentino
French fashion house Dior is supposedly requesting more than $100,000 in compensation from Italy’s Valentino over a claim the Italian house hampered business during its couture show in Rome.
Hugo Boss, Bape team up for capsule collection
German fashion house Hugo Boss has partnered with Nigo’s Mr. Bathing Ape brand to reveal a new capsule collection.
Lanvin Group set to expand portfolio after IPO
Shanghai-based luxury fashion group Lanvin Group is reportedly looking to add a fashion brand to its portfolio after going public on the New York Stock Exchange later this year.
Twitter shares drop amid wavering Elon Musk deal
Twitter shares fell nearly 6 percent on July 11, equivalent to $1.8 billion in market value, as tech billionaire Elon Musk looks to back out of a $44 billion deal to purchase the social media platform.