Select few share in success of TowerBrook deal with The Independents
When British fund TowerBrook became a shareholder in luxury communications group The Independents, several senior advisers associated with the fund were also issued shares.
The luxury industry is puzzling over how to work around new French legislation that came into force in June regulating internet influencers, whom the sector relied on to boost their brands on social media.
Until now, and unlike in Paris, London and Milan, the big names in luxury have not been allowed to display their products on the huge panels that cover scaffolding in New York. But new legislation could be about to change that.