Solange Azagury-Partridge returns to its founder
After Derek Lam, Austrian based luxury group Labelux, sold jeweller Solange Azagury-Partridge back to its founder. Both brands were among the first acquired by Labelux in 2008, group owned by the Benckiser family (Reckitt Benckiser and giant Coty). With the new strategic move, Labelux seems to be concentrating on its more recently acquired brands, Jimmy Choo and Belstaff, with significant investments in retail expansion and marketing. Labelux also owns Swiss leatherwear brand Bally, which has been striving to find its direction (recently Bally closed its mono-brand boutique in Belgrade, Serbia).