Kering Beauté has appointed Alexandre Choueiri as the new president and chief executive officer for the Americas, signaling its commitment to the beauty market in the region. Kering Beauté names Alexandre Choueiri as president and CEO for the Americas – Balenciaga Choueiri is a seasoned industry veteran with over two decades of experience at L’Oréal, … Read more
Burberry’s falling share price puts it in the sights of deep-pocketed groups seeking likely takeover targets, an analyst said this week. See catwalkBurberry – Fall-Winter2024 – 2025 – Womenswear – Londres – ©Launchmetrics/spotlight Although the company’s shares closed slightly higher on Thursday, they’re down over 18% this year and almost 56% in the past 12 … Read more
By Bloomberg Published Apr 25, 2024 Over four days of celebrations to mark its centenary in 2014, Spain’s biggest beauty products company inaugurated a new headquarters in Barcelona attended by the Iberian nation’s then Prince Felipe and threw a splashy party for more than 1,000 people at the world’s largest art nouveau complex. Nina Ricci But in a quieter yet more important … Read more
The first quarter of 2024 has reshaped the geography of Kering’s outlets. Over the period, traffic in the shops of its main houses, and in particular those of its flagship brand Gucci, fell everywhere in the world, with the notable exception of Japan and to a lesser extent the ‘rest of the world’ zone, driven … Read more
By Bloomberg Published Apr 24, 2024 Kering SA warned that profit will plunge in the first half of the year after wealthy shoppers curbed spending on Gucci products. See catwalkGucci – Fall-Winter2024 – 2025 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight Recurring operating income will drop between 40% and 45% in the first six … Read more
Middle Eastern and Chinese investors are reportedly eyeing a Selfridges stake as Thailand-based Central Group continues to seek an owner-partner to replace failed co-owner Signa. Selfridges Central is aiming for a partner to buy out Signa’s remaining holding and The Times reported that it’s talking to several sovereign wealth funds and other deep-pocketed potential buyers. … Read more
FIT FOR MCQUEEN: As part of its “transformation strategy” under new designer Seán McGirr, Alexander McQueen has named Gaelle Collet its chief brand and communications officer, WWD has learned. She starts on May 15 and reports to Gianfilippo Testa, president and chief executive officer of the London-based fashion house. Previously, Collet spent five years at … Read more
After Inditex saw its investors demand greater transparency regarding the factories where it produces its garments, listed fashion companies are now also facing questions from impact investors. Their aim: to encourage companies to adopt processes that are more respectful of workers and the environment. Johanna Schmidt is an investment strategist at Triodos Investment Management, which … Read more
Alexander McQueen is reorganising. The Kering label has appointed a new chief brand and communications officer, Gaelle Collet. The Spanish-born manager will take up her post on May 15, reporting directly to CEO Gianfilippo Testa. She will be responsible for steering the brand’s strategy in terms of public relations, communications, image and marketing. Alexander McQueen … Read more
By Bloomberg Published Apr 19, 2024 Three months before his 90th birthday, Giorgio Armani is hinting at possible big changes for his Italian fashion empire once he’s no longer in charge. After fighting for years to keep Giorgio Armani SpA independent amid the mergers and acquisitions that reshaped the luxury sector, the billionaire design virtuoso … Read more
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