Kering, one of the largest luxury groups on the planet, has made financial commitment to fight racism, with contributions to the NAACP and to Campaign Zero – following eight days of protests in multiple American cities.
Kering, the world’s second largest luxury conglomerate, has decided to postpone its annual shareholders meeting, the latest major publicly quoted company in fashion to delay its ASM in the wake of coronavirus.
Faced with the increased containment measures implemented against the coronavirus, Gucci has announced the closure of its factories for eight days. LVMH is keeping its sites open, albeit with specific restrictions.
The news published by Bloomberg about a possible takeover of the down jacket label by the French luxury group fuelled plenty of speculations. FashionNetwork.com analyses the operation’s potential impact.
The company set up from scratch in 2014 by luxury group Kering, the industry’s first to internalise its eyewear business, is about to top the €500 million revenue mark, and says it isn’t interested in Safilo.
Six months after taking control of the Italian fashion house, the QuattroR fund has put a new management team in place with ex-PVH Maela Mandelli appointed as CEO and Giuseppe Pinto as director of operations.
Forget how many carats -- how ethical is your gold? As high-end consumers demand to know the origin of their treasures, some jewellers are ensuring they use responsibly sourced, eco-friendly or recycled gold.
Last year, Kering was in divestment mode (Puma, Stella McCartney, Christopher Kane), but the luxury group said it is ready to go ahead with new acquisitions in 2019, without however identifying its targets.