Daily News: A Global Roundup

“We hear from a trusted source that Nicola Formichetti—stylist, Vogue Hommes Japan fashion director, Dazed & Confused creative director—is in at Thierry Mugler, becoming the new artistic director of the recently revived label.” (Hintmag)

“A private sale has taken place of the fashion and photographs from the estate of the late Isabella Blow, one of the outstanding muses of her generation and a much-lamented British fashion star.” (The Telegraph)

“Luxury groups discouraged by thickets of red tape and taxes are putting on ice ambitions to expand into India and Brazil and focusing instead on the Middle East, their No.2 priority after fast-growing China.” (Forex Yard)

“Ralph Lauren, the founder, chairman and chief executive officer of Polo Ralph Lauren Corp., is set to give up about a quarter of his Class B voting shares in his company in a secondary public offering.” (WWD)