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Exclusive Fashion

Simon Porte Jacquemus sold 5 pct stake to Sandbridge Capital

Astrid Wendlandt

22 March 2026

Simon Porte Jacquemus, the French designer behind one of France’s most well-known young fashion brands, has sold a personal stake of 5 percent to Sandbridge Capital whose founding senior advisers include Domenico De Sole, the American lawyer turned entrepreneur who helped build Tom Ford and Gucci into fashion power houses.

Weekly Highlights

JOHN GALLIANO TEAMS UP WITH ZARA

If you can’t beat them – join them. John Galliano did just that. The disgraced Dior couturier, who had his sins of anti-semitic and racist rants forgiven by fashion after many years out of the spotlight and a couple of rave reviewed seasons at Margiela, has a new gig. It is not where many expected him to land. This week the Gibraltar-born designer signed a two-year contract to design for the Spanish fast-fashion brand Zara.

KERING REORGANIZES DIVISIONS

French luxury group Kering unveiled a new corporate structure this week with the creation of a fashion and leather goods division and a jewelry division. A similar structure’s been in place at LVMH for years. But what’s more important is what’s not being said. Unlike at LVMH, watches don’t make an appearance. Kering has already exited that sector. And while Kering said it would continue to publish standalone figures for Gucci, since it’s its biggest brand, it won’t report numbers for Bottega Veneta and Saint Laurent anymore. These will be included in the fashion and leather goods division. It looks like a push for privacy as the Pinault family and their new CEO Luca de Meo seek to reorganize away from the spotlight after a cataclysmic drop in sales in the past two years.

Recent Publications

Fashion

Lanvin boss jumps ship as suppliers sue for unpaid bills

Astrid Wendlandt

15 March 2026

It was bound to happen. Lanvin boss Siddhartha Shukla is leaving France’s oldest fashion brand still in operation. Several suppliers are suing the company for unpaid bills, headhunting and market sources said.

Cosmetics

LVMH may struggle to sell Fenty Beauty stake, Make Up For Ever and Fresh

Astrid Wendlandt

8 March 2026

Spring cleaning is in full swing at LVMH. The French luxury goods giant is putting its Perfume and Cosmetics house in order after ousting division boss Stéphane Rinderknech last month. LVMH is looking for buyers for loss-making brands Fresh and Make Up For Ever, as well as for its 50 percent stake in the highly profitable Fenty Beauty brand, backed by singer and entrepreneur Rihanna.

Fashion Exclusive

Christophe Lemaire tightens grip on power after CEO exit

Astrid Wendlandt

1 March 2026

Christophe Lemaire, the former Lacoste and Hermès designer who’s dedicated himself to building his own brand for the past decade, has just sacked his CEO Laetitia Mergui. Her abrupt departure comes as the brand is having to reassess its strategy and sort out its customer service and quality issues after several years of strong growth. The journey of Lemaire’s company resembles that of Jacquemus.

Fashion

Management changes afoot at Richemont’s fashion unit

Astrid Wendlandt

22 February 2026

Succession stories have been the main event in fashion and leather goods for the past year as the global luxury goods industry wrestles with flagging consumer sentiment. Swiss behemoth Richemont, owner of world jewelry leader Cartier, is no exception. Richemont CEO Nicolas Bos now has his axe over the group’s troubled fashion and accessories division.

Fashion

Has Moncler reached its peak?

Astrid Wendlandt

15 February 2026

Moncler has enjoyed a strong ride in the past decade. It’s a popular status symbol, particularly among young people. The brand has tripled in size and now makes more than €3 billion in annual sales.

Watches

Richemont slims down. Is this the end of the group model?

Astrid Wendlandt

8 February 2026

Richemont is in talks to offload Jaeger-LeCoultre to its management team after the Swiss luxury group announced last month a similar deal with sister brand Baume & Mercier, according to multiple industry sources. If such a heritage watchmaker left the group, it would signal a radical strategy change and it would raise several questions about the future of its existing form.

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