From the September 2019 edition, the Milan Fashion Week show calendar will be more balanced, to make each day a special occasion. In February 2020, Gucci will open the week and Armani will stage the closing show.
After losing the profitable Gucci licence in 2017, the Italian eyewear group has announced the end of the long-standing deal with Dior, whose licence will go to Thélios, the company set up by LVMH and Marcolin.
Kering has revealed a surprise appointment at the head of Italian label Bottega Veneta. Bartolomeo Rongone, previously chief operating officer at Yves Saint Laurent, will replace Claus-Dietrich Lahrs on 1 September.
The French luxury group has announced that the CEO of Balenciaga is joining its executive committee. Charbit took over the label's leadership in November 2016, and will start in the new role from July 1.
The future site in Piedmont will become the European hub for the group's operations, the Swiss subsidiary having been at the core of the tax evasion case that resulted in a record fine for the French luxury group.
Kering CEO François-Henri Pinault announced at the event in Copenhagen that he has been tasked by French president Emmanuel Macron ahead of the next G7 summit this summer with uniting fashion and luxury industry playe...
Kering's shares fell by nearly 6 percent on Thursday after signs of a slowdown at the French fashion company's Gucci brand, particularly in the United States, took the shine off a broader rise in sales.
Gucci growth is slowing but Kering is OK with that as it's still surging. Meanwhile Saint Laurent and Balenciaga are powering ahead and Bottega Veneta sales may be down, but the omens are good for Daniel Lee's designs.