Our rating? 10/10 While Milan Fashion Week can be unpredictable, there are a few universal truths: it will be nearly impossible to get a taxi, you will be trampled by K-pop fans waiting eagerly outside shows and you can be certain that SUNNEI will present the most spell binding runway of the season. From a sprinting catwalk at FW22 to crowdsurfing at FW23, guest participation is always prevalent at SUNNEI and Spring/Summer 2024 was no different.
Nexo, the leading institution for digital assets, is redefining daily crypto transactions by unveiling the world’s first Dual Mode capability featuring both debit and credit. This strategic enhancement will further enrich the capabilities and user experience of the pioneering Nexo Card, released in 2022 in partnership with Mastercard and DiPocket.
On May 4 2023, Nanushka signed a financing agreement with SIG-i Capital AG, via the SIG-i EURO MEZZ fund. The transaction includes funding worth €10 million in the form of mezzanine financing, and implies an intrinsic valuation of more than €100 million for Nanushka. The funds will be used to refinance existing debt and provide additional liquidity to accelerate the company's next growth phase, including expansion in Asia and the United States, among others.
One has to expect the unexpected and then some when heading to a Sunnei show. Staging a crazy crowdsurfing fashion show at the Palazzina Sunnei was the last frontier of Sunnei-ism, a status on par with Gucci-fication, or Prada-ness, terms that ratify a sort of uniqueness. Because yes, the Sunneis are a unique, peculiar entity—provocateurs with a tech conscience, sharp-minded and mathematical. Poetically algorithmic. Cautiously successful. With a fierce sense of community. In a word, brilliant.
Kicking proceedings off at Copenhagen Fashion Week with aplomb, Budapest-based brand AERON opened the week with their autumn/winter 2023 collection – just one year on from their inaugural fashion show. Showing at Fabrikken for Kunst & Design studio, back-lit by the luminous, futuristic works of Danish artist Marie Nørgaard Nielsen, Aeron’s evident focus for this collection was functional tailoring and self-expressive workwear, with oversized suits and boxy shirting taking the circular centre stage.
Founders Loris Messina and Simone Rizzo are testing a new approach with a “master collection,” and Vanguards Group’s CEO Peter Baldaszti sees international potential. “The year of balance” is what Simone Rizzo expects in 2023 for Sunnei, the hip Italian brand he launched with Loris Messina almost a decade ago. Since Vanguards Group took a majority stake in the company in September 2020, the duo has been gradually scaling up the business.
In 2019, the Hungarian company Vanguard stepped in and offered to partner with Eszter Áron. Founded in 2008 by Peter Baldaszti, the co-founder of Hungarian label Nanushka, Vanguard are responsible for transforming Nanushka into an international lifestyle brand, and their aim is the same with Aeron. With this new partnership has come a pivot into knitwear to cater to a growing post-pandemic market for lounge and knitwear.
The Hungarian fashion brand AERON is opening its own store. The brand, known for its clean lines and use of quality materials, is behind the determination of international department store successes and growing domestic demand. Following the pop-up commercial format of previous years that lasted for a few days, the store that opened on November 18 appears as the precursor to the realization of a larger vision.
Hungarian womenswear and menswear luxury label Nanushka is targeting Chinese consumers by launching on Alibaba's ecommerce platform Tmall and opening its first Asia store in Shanghai. Nanushka will also open an additional store in Chengdu later this year, as part of plans to operate nine standalone stores in China by 2026, amid growing demand for niche luxury brands.
Congratulations to Nanushka co-founders Sandra Sandor and Peter Baldaszti on their inclusion in The Business of Fashion 500, the definitive index of people shaping the global fashion industry. The co-founders of Nanushka and parent company Vanguards are building a portfolio of digitally-savvy contemporary brands.
Nanushka founder and creative director Sandra Sandor has long been pushing her conscious contemporary label’s sustainable credentials through the use of certified materials. Now the Hungarian fashion designer, who shows the co-ed line in London and Paris, is going a step further and getting involved at the R&D stage through a partnership with Budapest's Moholy-Nagy University of Art and Design (MOME). Together the new partnership will launch the Conscious Textile Group to research post-production textiles and circularity.
For spring / summer 2023, the serotonin-inducing collection from AERON celebrates life’s tiny everyday joys. Against a backdrop of calming neutrals, the Budapest-based brand AERON introduced soothing shades of pink and sage into its collection at its inaugural Copenhagen Fashion Week show, inspired by the question: ‘How do we find serenity in our lives today?’
Aeron, the womenswear fashion label from Budapest owned by Vanguards Group, will be repositioned as a responsible and transparent knitwear label. The relaunch will see the introduction of its new seasonless and sustainable core collection called Zero, with sizes ranging from XXS to XXL. The company has also tweaked the price points and created a new, A-shaped logo, brand identity, packaging and signature color: mimosa yellow.
SUNNEI has teamed up with home decor entity Bloc Studios for a material-driven collaboration. Completly cast in marble, the multicolored tableware set elevates the everyday task of dining. After being in the works for two years, the special series collection features reversible glasses, three different-sized plates, wine coolers, a bowl and a pitcher.
Sunnei’s founders Loris Messina and Simone Rizzo have launched their first mentorship program in collaboration with the Milan-based fashion, art and design school Nuova Accademia di Belle Arti, better known as NABA. The initiative will offer a student a full scholarship for the two-year postgraduate course in fashion design starting in October, as well as the designer’s mentorship throughout the course.
How Vanguards – the family business behind sustainable luxury standard-bearers Nanushka, Sunnei and Aeron – built a radical new breed of fashion conglomerate. “From an investment point of view, fashion is not a normal business,” says Peter Baldaszti, the co-founder and CEO of Budapest-born luxury fashion brand Nanushka – and he should know. It’s not an overstatement to say that there has never been a fashion story quite like Nanushka.
Nexo, the leading regulated institution for digital assets, officially launched the Nexo Card, a first-of-its-kind crypto-backed Mastercard card, in select European markets. For the launch, Nexo is partnering with Mastercard and DiPocket, giving its users access to cryptocurrency-powered liquidity across 92M+ merchant sites worldwide. The Nexo Card is the first card in the world that allows users to spend without having to sell their digital assets
GB & Partners Investment Management and its portfolio company, Asura Technologies, will own the majority share in PRRS. Today announced the sale of the company’s majority stock to GB & Partners Investment Management. Parking Revenue Recovery Services, Inc., a leader in parking enforcement and revenue collections services in the US. With this injection of new capital, PRRS is set to accelerate momentum under the new ownership and further advance its mission within the parking industry.
With celebrities such as Rihanna, Justin Bieber and Billie Eilish wearing its designs, Hungarian fashion house Nanushka has stardust many designers can only dream of. Yet the company is just one of a number of upstart designers from central Europe elbowing their way to the top of global fashion, showcasing their collections on the catwalks of London, Paris and New York as they target lucrative markets such as China and the United States. Once a struggling local brand, Budapest-based Nanushka has seen annual revenue grow 33-fold to 33 million euros ($38.32 million) since a private equity firm came aboard in 2016.
Each season, Eszter Áron, founder of Budapest-based womenswear label AERON, looks to a female artist that has inspired her. For Pre-Fall 2021, the designer was fascinated by the work of Hungarian-Indian artist Amrita Sher-Gil, a pioneer in modern Indian art, who candidly captured life in the southern region of her ancestral home country, and died in Lahore, where she moved to in 1941, at the age of 28.
Nearly four years after the acquisition of its majority stake by EXIM Cross-border Fund managed by GB & Partners Investment Management TrezEx Hungária Zrt. changed its ownership. TrezEx will continue to serve its clientele at the highest standard which combined with its international industry experience will greatly expand the professional portfolio of its new majority owner, Criterion Group. Since 2017, GB & Partners, the Fund Manager provided financing and professional support to the company engaged in cash logistics and value delivery, which increased the quality of its services from year to year leveraged through to the close and consistent cooperation with the management team. Having stood its ground during significant industry challenges of recent years, TrezEx proved to be a crisis-resistant market player by continuing to grow its business value, which the Fund has now realized.
The Hungarian fashion label Nanushka opened a store in London on Friday. Speaking at the opening, Péter Szijjártó, the minister of foreign affairs and trade, said it was crucial for Hungary to have businesses that can succeed internationally. Building global brands, he said, was one of the pillars of Hungary’s economic policy.
The Financial Times has published its fifth annual list of Europe’s 1000 fastest-growing companies, ranking Nanushka high at number 70. With an absolute growth rate of 1601.9%, Nanushka International Zrt. is simultaneously at the forefront of the Central and Eastern European region, and a clear leader in the fashion industry as a whole: only six companies from the region were ranked among the first 100; and out of all fashion companies on the list, Nanushka occupies the highest position.
Hungary-based AERON is one to watch. Focusing on sophisticated, minimal yet timeless designs, we discuss with founder Eszter Áron her love for fashion, craftsmanship and what the brand represents.
EPS Global Zrt. has completed another successful project. Thanks to them, a smart parking system by Hungarian developers was established in three of China’s cities. Also, the newest city, Zhangjiakou, will be one of the main locations for the 2022 Winter Olympics. In addition to EPS Global’s software system, another investment from the EXIM Exportösztönző Magántőkealap will play an essential role in the project: data on parking space occupancy and other uses will be provided by Asura Technologies Kft’s live camera image processing video analytics solution.
RotaChrom Technologies, the developer of the world's first industrial-scale Centrifugal Partition Chromatography (CPC) technology platform, announced today the launch of a collaboration with Cyclolab Cyclodextrin Research and Development Laboratory Ltd. (“Cyclolab''), a cyclodextrin research, development and manufacturing company. This strategic partnership between Cyclolab and RotaChrom aims to develop a more efficient and cost-effective process to purify Remdesivir, which is a widely used treatment option for COVID-19.
The Budapest-based fashion brand is committed to cirularity, community and earth. Nanushka has released its first sustainability report in an effort to assure its customers that the issue is still of upmost importance to the company despite a pandemic that has derailed much of the fashion community.
This season Sunnei designers Loris Messina and Simone Rizzo are expanding the efficiency of the progressive Canvas platform they launched a year ago, right at the beginning of the pandemic. It’s a platform intended to creatively engage the label’s retailers and buyers to create their own Sunnei collections digitally, assembling different outfits, choosing shapes, colors and fabrications as they see fit. After initial skepticism from some fashion industry pundits, the formula has proved extremely successful.
Countless brands have emerged from fashion capitals like New York, London, Milan, and Paris. But lately, cool labels have unexpectedly popped up in another place: Budapest. Further putting the city on fashion’s radar with her brand, Aeron, is Hungarian designer Eszter Áron.