In response to the challenge issued by Gucci CEO Marco Bizzarri, the digital-first luxury consignment marketplace has announced that it is accelerating its sustainability plans and now aims to be carbon neutral by 2021.
The Italian executive, who joined the luxury house in 2015, has occupied the position of executive vice president for merchandising and global markets since 2018, playing a central role at the company.
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 day after the luxury group announced that it will pay a record fine of 1.25 billion euros to Italian tax authorities, shares in the company rose 1%, reflecting a certain confidence as this chapter draws to a close.
French luxury group Kering is close to agreeing to pay between €1.3 billion (£1.1 billion) and €1.4 billion to settle a dispute with Italian authorities over unpaid taxes by its fashion brand Gucci, sources said.