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At Close: Jul 31, 2026

US Customs seizes $30 million in counterfeit goods from China

08:15pm, Monday, 06'th Dec 2021 BLDaily The BL
The U.S. Customs and Border Protection (CBP) said on Dec. 2 that it had seized counterfeit designer products worth more than 30 million U.S. Dollars. The goods purported themselves of those luxury brands like Gucci, Chanel, and Louis Vuitton. The CBP said all sourced from a Chinese shipment in a news release on Dec 2. []
The cofounders of Madhappy, from left: Noah Raf, 25, Joshua Sitt, 25, Peiman Raf, 27, and Mason Spector, 27. Courtesy of Madhappy
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The NFT Faith Connexion

07:01am, Monday, 06'th Dec 2021 NEWSBTC
Over the years, Faith Connexion has been a trendsetter in fashion, creating thousands of street-wear garments seen on a number of A-List celebrities. With a style described as chic rock, edgy glamour or street couture, the brands clothing is sought by celebrities and trendsetters alike. This is because Faith Connexion stands out from the mainstream, representing an eclectic yet practical wardrobe for people who seek to showcase their individuality. It was only a matter of time that a brand as innovative and creative as Faith Connexion launches its own NFT, under the name Faith Tribe. Iconic brands like Louis Vuitton and Balenciaga have jumped onto the NFT hype over the past year. But why the hype and what even is an NFT? NFTs are non-fungible tokens of digital content linked to the blockchain. To get one, you need a cryptocurrency wallet, through which you can purchase NFTs on an NFT marketplace. Since NFTs are non-fungible, they are exclusive and not mutually exchangeable, unlike fungible assets (such as Bitcoin).
LVMH, Prada, H&M, Zara, Adidas, Nike, New Balance, UGG are contributing to Amazon rainforest destruction, according to a report from the Stand.earth Read more
Luxury goods giant LVMH is understood to have hoisted a for-sale sign over Thomas Pink, the Citys go-to shirt brand, as demand for office wear tumbles through the Covid pandemic.
Barclays reaffirmed their overweight rating on shares of LVMH Moët Hennessy - Louis Vuitton, Société Européenne in a report published on Tuesday morning, The Fly reports. A

How designer Virgil Abloh transformed fashion

03:00am, Friday, 03'rd Dec 2021 The Guardian
The visionary black designer revolutionised the way we dress This week, designer Virgil Ablohs final menswear collection for Louis Vuitton debuted at Miami Art Basel. The show came just days after Ablohs sudden death of cardiac angiosarcoma, a rare form of cancer. He was just 41. The son of Ghanaian immigrant parents to the US, Abloh studied engineering and architecture before finding fame as Kanye Wests creative director. Over the course of his career, Abloh dabbled in music, art, architecture and design. But hes perhaps best remembered for redefining luxury fashion to include chic hoodies and highly covetable sneakers. Senior Guardian fashion writer Lauren Cochrane tells Nosheen Iqbal Ablohs influence can be seen in the way all of us dress. Continue reading

More than 13K counterfeit products seized at LA, Long Beach port complex

10:07pm, Thursday, 02'nd Dec 2021 Los Angeles Daily News
Fake Gucci, Chanel, Fendi, YSL and Louis Vuitton items were among the counterfeit products customs agents seized from a cargo ship recently.

Koinos Capital acquires majority stake in Tre Zeta Group

10:37am, Thursday, 02'nd Dec 2021 Private Equity Wire
Koinos Capital acquires majority stake in Tre Zeta Group Submitted 02/12/2021 - 10:37am Koinos Capital, through through the Koinos Uno fund, has acquired a majority stake in Tre Zeta Group, a manufacturer of sneaker and leather soles for the luxury fashion industry. The financial terms of the transaction have not been disclosed. Based in San Donato (Pisa), Tre Zeta Group has a history dating back to 1967, with a long tradition of producing sneaker and leather soles for the luxury market. Over the last few years the group acquired other companies in the sector including Brenta Suole from Rossimoda (LVMH group), Tresse and Lasertac. Tre Zeta Group FY2021 estimated turnover is in excess of EUR40 million, (2021/2019 estimated growth +25 per cent, CAGR 2021/2017 of 20 per cent). The Group operates through five production facilities, producing approximately three million soles per year and using innovative 3D printing machines that are fundamental to the development of a rapid prototyping process for its customers. "Tre Zeta Group is considered a reference point for major luxury brands enjoying a strong reputation thanks to its ability to support designers at every stage of product development and to offer innovative solutions according to sustainability criteria," says Marco Morgese, founding partner of Koinos Capital. "Today begins Koinos'' collaboration with Tre Zeta Group for the next phase of growth that will focus on innovation and continuous consolidation of industry leaders." "We are thrilled to have Koinos Capital as an important investor and strategic partner, Koinos management already has a strong experience of aggregation in production for the luxury sector as well as a solid entrepreneurial background," says Stefano Panicucci, shareholder and Sales Manager of Tre Zeta Group. "Together we will continue our growth path to stand out and continue to innovate.
Washington [US], December 1 (ANI): Kim Kardashian West and Kanye West recently reunited to celebrate the life of their longtime friend and late designer Virgil Abloh at his posthumous presentation for Louis Vuitton. According to People magazine, Kanye and Kim were seen in front row at the Spring/Summer 2022 Louis Vuitton menswear presentation in Miami on Tuesday evening with their daughter North sitting in between them. B
Virgil Abloh, the acclaimed menswear designer for Louis Vuitton and founder and CEO of Off-White,
On Tuesday night November 30, celebrities came together to celebrate the life and legacy of Virgil Abloh by attending a presentation of the late fashion designers final Louis Vuitton collection in Miami. Kim Kardashian and her estranged husband Kanye West, who were close friends with Abloh, were seated front row as they attended the runway show with their eight-year-old daughter []

This Luxury Brand Could Provide Lavish Returns

07:37am, Wednesday, 01'st Dec 2021
In February of 2016 RH reimagined the future of the brand which has paid off. Is the international stage set for this outperformance to continue?
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