International: April 13, 2001
Gucci Group has tapped Chloe designer Stella McCartney to launch her own fashion house in a joint venture with the Italian manufacturer; McCartney’s assistant, Phoebe Philo, will succeed her at the Paris-based design firm...Italy-based Ferragamo Group bought out the 50 percent stake in Ferragamo Parfums SA and Ungaro Parfums SA from Bulgari for an undisclosed sum...A French civil court has barred London-based retailer Marks & Spenser from closing 18 stores in France until employees have been properly notified; the retailer announced it will continue with its planned closures after meeting with its employees.
