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Kering

Billionaire Pinault family reveals succession path at Christie’s

by Lionel Rogers
Billionaire Pinault family reveals succession path at Christie’s

By Bloomberg Published Apr 4, 2024 The Pinault family behind one of France’s biggest luxury fortunes has elevated a third-generation descendant to one of its prominent businesses, naming one of …

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Gucci owner splashes out €1.3 billion for building on Milan’s iconic shopping street

by Lionel Rogers
Gucci owner splashes out €1.3 billion for building on Milan’s iconic shopping street

By Bloomberg Published Apr 4, 2024 Gucci owner Kering SA is spending €1.3 billion ($1.41 billion) for a property on Milan’s toniest shopping street.  Via Monte Napoleone 8 The French …

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Armelle Poulou, Mélanie Flouquet join executive committee

by David Johnson
Armelle Poulou, Mélanie Flouquet join executive committee

Translated by Nicola Mira Published Apr 3, 2024 On Tuesday, Kering announced that Mélanie Flouquet and Armelle Poulou have become members of the group’s executive committee, chaired by CEO François-Henri …

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Valentino must beware becoming Gucci 2.0

by Lionel Rogers
Valentino must beware becoming Gucci 2.0

By Bloomberg Published Mar 29, 2024 Valentino, the fashion house that’s 30% owned by Kering SA, has named Alessandro Michele, the former creative director of its flagship brand Gucci, as its …

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Saks Fifth Avenue flagship appraised at $3.6 billion as it renews Neiman push

by Lionel Rogers
Saks Fifth Avenue flagship appraised at .6 billion as it renews Neiman push

By Bloomberg Published Mar 29, 2024 The owners of Saks Fifth Avenue are in talks to raise financing to bolster the cash portion of an offer to buy competitor Neiman …

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Alessandro Michele at Valentino, Potential Development, New Horizons

by David Johnson
Alessandro Michele at Valentino, Potential Development, New Horizons

MILAN — One would expect nothing but poetry from Alessandro Michele on his new role as creative director at Valentino. Addressing his new appointment, the designer celebrated “the beginning of …

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Valentino names Alessandro Michele new creative director

by Lionel Rogers
Valentino names Alessandro Michele new creative director

Six days after ending the quarter century career of Pierpaolo Piccioli at Valentino, the Rome-based house has named ex-Gucci designer Alessandro Michele to be its new creative director. Alessandro Michele …

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Valentino Confirms Alessandro Michele Joining as Creative Director

by Lionel Rogers
Valentino Confirms Alessandro Michele Joining as Creative Director

MILAN – Valentino has confirmed the arrival of Alessandro Michele as creative director of the Rome-based couture house. He succeeds Pierpaolo Piccioli, who exited the brand on Friday after 25 …

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Promenaden and Steen & Strøm in Oslo

by Lionel Rogers
Promenaden and Steen & Strøm in Oslo

Luxury might be hitting a soft spot internationally, but don’t tell that to the folks who manage the prestige industry in Oslo, where the Norwegian capital is enjoying an impressive …

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Marcolin tops €550 million revenue mark

by Lionel Rogers
Marcolin tops €550 million revenue mark

Translated by Nicola Mira Published Mar 26, 2024 Marcolin improved both revenue and profitability in fiscal 2023. The Italian eyewear producer recorded net sales of €558.3 million, up by 2% …

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