Former Gibo, for some time now renamed Onward Luxury Group, has acquired Paris-Moreau, one of the brands of handbags and luggage of the oldest luxury of France, for an undisclosed amount. The Group continues its diversification strategy, alongside the leather to proprietary brands Jil Sander and those licensed (including Rochas and Michael Kors).

The founder Fedor Shevchenko will continue to work as artistic director for the Parisian fashion house that has a boutique in Paris in the Faubourg Saint-Honoré area and in a number of corners in department stores such as Barneys New York, Isetan Tokyo, Beijing SKP , Shinsegae Seoul.

“I feel proud to have become part of this important fashion group – said Shevchenko – and I believe that Moreau will benefit for years to come, reaching international distribution it deserves.”