net profit down 17% and sales down 4% in 2023
By AFP Published Feb 8, 2024 Luxury group Kering announced on Thursday that net profit would fall by 17% in 2023, to €2.98 billion, and that sales would fall by …
François-Henri Pinault
Nicolas Di Felice and Achilles Ion Gabriel to head 39th Hyères Festival fashion jury
Translated by Roberta HERRERA Published Jan 25, 2024 The 2024 Hyères Festival promises to be highly international and exceptionally exciting. Indeed, this year’s competition for emerging talent has decided to …
Sneaker king wants to be Britain’s Arnault
By Bloomberg Published Dec 21, 2023 Mike Ashley began to look like he was emulating LVMH founder Bernard Arnault when he elevated a scion of his sportwear empire to a senior …
What will the future hold for Farfetch?
Translated by Nicola Mira Published Dec 19, 2023 As bankruptcy loomed, Farfetch found a last-minute rescuer in Korean e-commerce giant Coupang, which bought the British luxury e-tailer and bailed it …
Nicole Kidman, oversize as ever, and an original collaboration with Erewhon
For the first show in its history in Los Angeles, Balenciaga kept the event a secret. On Friday, journalists and guests received a package containing a silver ingot in the …
Kering takes two major Paris properties off market
Five months after attempting to sell large stakes in two major Paris properties in prime central real estate, luxury giant Kering has quietly taken them off the market. 235 Rue …
Gucci handbags disappoint at auction as luxury fervor cools
By Bloomberg Published Nov 15, 2023 An auction of rare Gucci handbags disappointed at Christie’s, a sign that robust demand for high-end purses is softening. Gucci Bamboo bag Two Gucci …
The luxury industry takes a very close interest in the fine jewellery sector
Translated by Cassidy STEPHENS Published Nov 10, 2023 More than ever, ateliers and fine jewellery houses are attracting the interest of major luxury players. Rumours and announcements bounce from one …
Gucci sales fall as Kering lags rivals facing luxury slowdown
By Bloomberg Published Oct 24, 2023 Gucci sales fell as Kering SA’s biggest brand grapples with the twin challenges of a luxury goods slowdown and internal tumult. See catwalkGucci – …
Alexander McQueen names Seán McGirr as creative director, replacing Sarah Burton
The house of Alexander McQueen has named Seán McGirr to be its new creative director, replacing Sarah Burton who staged her final show for the house on Saturday. Seán McGirr …