Italian Fashion House Zegna to Go Public

Ermenegildo Zegna, the Italian luxury fashion house, plans to go public by merging with a US special-purpose acquisition corporation launched by European private equity group Investindustrial Acquisition. The deal will value Zegna at $3.2 billion following its listing on the New York Stock Exchange later this year, Investindustrial said in a statement on Monday.

Victoria's Secret Is Overhauling Its Image. Is It Enough to Regain Relevance?

Less than two years after Victoria's Secret pulled the plug on its star-studded annual fashion show, known for runway looks that combined strappy lingerie with enormous wings, the brand is retiring its supermodel "Angels" for good. Taking their place is a new group of seven ambassadors, called the "VS Collective," who are known for their advocacy work in gender equality and body positivity, and who represent a wider range of body types and sexual and gender identities.