Arnault Clan to Change LVMH Holding Structure to Ensure Control
Under the plan, the world’s biggest luxury group will be controlled by one entity, Agache SCA, after Christian Dior SE, one of the current holding companies of LVMH, is delisted.
leadership
Retail
Asos CEO Nick Beighton Steps Down as Sales Growth Slows
Beighton stepped down after 12 years at the UK online clothing retailer, which warned that sales growth is slowing amid global supply-chain disruptions.
Beauty
RMS Beauty Acquired, David Olsen Joins as CEO
Olsen has an extensive history in beauty retail, including a stint as the chief executive of prestige retailer Cos Bar.
Workplace & Talent
Solving Retail’s Labour Shortage
As companies from Macy’s to Target scramble to hire thousands of workers for a holiday shopping boom, they’ll need to figure out how to strike the right balance between pay and perks.
Workplace & Talent
Why LVMH Is On a Gen-Z Hiring Spree
The French luxury conglomerate’s youth-focused recruitment plan underscores fashion’s need to build stronger more diverse talent pipelines.
Luxury
Matches Fashion Names Paolo De Cesare Its New CEO
The luxury e-tailer tapped De Cesare for the chief executive role. Previously, he was the chief executive of the Parisian department store Printemps until March 2020.
Fashion Week
At Fashion Week, Signs of Stalled Progress on Diversity
Some Black creatives say they’re worried the industry is already moving on from its recent focus on racial injustice, leaving them to carry the load.
Luxury
Valentino Flags Couture Ambitions, Recovery From Coronavirus Slump
In his first press conference since joining the brand, chief executive Jacopo Venturini said a new merchandising strategy and upmarket repositioning have helped sales get almost back to 2019 levels.
Media
Vogue Names New Heads of Editorial Content for French, Italian Editions
Eugenie Trochu will helm Vogue Paris, while Francesca Ragazzi will take the lead at Vogue Italia. The appointments follow a series of high-profile cuts as Condé Nast streamlined its flagship publication.
Luxury
Balenciaga Appoints Ludivine Pont as Chief Marketing Officer
Balenciaga Appoints Ludivine Pont as Chief Marketing Officer
Workplace & Talent
Can Fashion Compete with Tech for Executive Talent?
With some of the industry’s top executives flocking to tech giants like Google and Slack, it’s going to take more than a sleek office and brand cache to bring them back.
Global Markets
Sadashiv Nayak Appointed CEO of India’s Future Retail
Sadashiv Nayak has been appointed chief executive of Future Retail, effective as of Wednesday, the company said in a regulatory filing.
Media
Condé Nast Promotes Allure Content Director Jessica Cruel to Editor in Chief
The editor succeeds Michelle Lee, who announced in June she was leaving the beauty magazine to join Netflix.
The News in Brief
JD Sports Says Nike Turnaround Is Only a Matter of Time
Dominic Platt, chief financial officer of the British sportswear retailer, told Reuters, ‘Much as there's a lot of talk about Nike, it's still the most popular brand out there and it's still a very strong brand.’
Chanel Plans to Keep Investing in China Despite Demand Downturn
CEO Leena Nair pointed to the brand’s recent renovation of its Plaza 66 boutique in Shanghai, calling China ‘a market where the clients understand sophistication, refinement.’
Meta Expected to Unveil Smart Glasses Without Camera
Smart glasses have become a target of criticism in recent months amid growing concerns they can be used to record people without their consent.
Record Global Fibre Production Pushes Fashion’s Environmental Footprint Higher
Planet-warming emissions associated with the raw materials used to make fashion, footwear and home textiles have risen 30 percent since 2019, according to a new report.
Novo Nordisk Looks to Target Hair Loss in Consumer Push
The maker of Ozempic and Wegovy seeks to expand its direct-to-consumer pharmaceutical business as rival Eli Lilly outpaces in weight-loss drugs.
On Targets High-Teens Growth Through 2029
The Swiss brand revealed its plan to keep up its momentum with new products in sports such as golf and its Mbappé-supported entry into football ahead of its investor day Tuesday.
Reference Festival to Host ‘Freie Kunst’ Event at Art Basel Paris
The event runs from Oct. 22 to 25 and will mix participants from art, fashion, music and technology as part of the festival’s tradition of a ‘radical and unhinged exchange of ideas,’ said Mumi Haiati, founder of the event’s organiser Reference Studios.