Translated by Nicola Mira Published Jul 15, 2024 Chinese conglomerate Shandong Ruyi, formerly the owner of fashion group SMCP, went bankrupt in 2021. In the aftermath, several creditors, with debt administration specialist GLAS as trustee, seized a stake of nearly 30% in SMCP, the group that owns Sandro, Maje, Claudie Pierlot and Fursac, with the [...]read moreUK High Court invalidates sale of 15.9% stake
At a time when the company is growing, Barbara Bui has chosen to place itself under the protection of the Paris Commercial Court. The aim is “to obtain the time and resources needed to restructure its debt and continue its business,” it explains in a press release. Founded in 1987 by the eponymous designer and [...]read moreBarbara Bui files for protection with the Commercial Court to ensure its continuity
First creditors voted to approve its plans, then shareholders, and now the UK courts have said yes to Superdry’s plan to avoid administration and (hopefully) kick-start its turnaround. Superdry- Facebook The company has announced the result of the hearing for the restructuring plan, which has now been sanctioned so can proceed as hoped. It means [...]read moreSuperdry gets court seal of approval for recovery plan, names tech chief
By Reuters Published Jun 10, 2024 An Italian court on Monday placed under judicial administration a company owned by the Italian unit of French fashion group Christian Dior for subcontracting its production to Chinese companies that exploited workers. The court in Milan ordered a one-year administration for Manufacturers Dior Srl, according to the ruling seen [...]read moreDior unit put under court administration in Italy over labour exploitation
Another element of TikTok’s pushback against the U.S. sell off push is set to be fast-tracked by the Court of Appeals, with a suit initiated by a group of TikTok creators against the bill to be heard in September, a month ahead of time. That could help TikTok win a critical legal case against what [...]read moreUS Appeals Court Fast-Tracks Hearing Over TikTok Sell-Off
Translated by Nicola Mira Published May 29, 2024 The employees of French fashion retailer Naf Naf are still in no man’s land. A hearing to examine the three bids to acquire the company was scheduled on May 28, but the trade court in Bobigny, France, has decided to push back the date to June 4. Turkish company [...]read moreCourt hearing on bids for French brand Naf Naf postponed to June 4
Another element of TikTok’s pushback against the U.S. sell off push is set to be fast-tracked by the Court of Appeals, with a suit initiated by a group of TikTok creators against the bill to be heard in September, a month ahead of time. That could help TikTok win a critical legal case against what [...]read moreUS Apeals Court Fast-Tracks Hearing Over TikTok Sell Off
The historic mansion where Elvis once lived will remain in the Presley family’s hands following a lawsuit filed by the actor Riley Keough, Elvis’ granddaughter, which alleged the company trying to sell it had committed fraud. At Inman Connect Las Vegas, July 30-Aug. 1 2024, the noise and misinformation will be banished, all your big questions [...]read moreGraceland Saved From Auction For Now, Court Chancellor Rules
The Asian Real Estate Association of America (AREAA) has escalated its fight against the State of Florida’s foreign buyer ban through a federal fair housing discrimination lawsuit filed Monday. This is the third lawsuit, and first federal suit, against the bill. At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be [...]read moreAREAA Takes Fight Against Florida Foreign Buyer Ban To Court
By Reuters API Published May 7, 2024 An investment firm backed by LVMH is betting demand from wealthy Americans for quiet luxury will ensure its 510 million euro ($545 million) stake in Italian shoemaker Tod’s yields the double-digit returns private equity typically seeks. Reuters L Catterton, created by U.S. fund Catterton and LVMH-owner Groupe Arnault, [...]read moreItalian shoemaker Tod’s to court US lovers of quiet luxury