Luca de Meo Says Italy Remains Key, Rules Out Production Shift
The Kering CEO also denied any interest in buying a minority stake in Armani, adding that the group was focusing on other challenges.
leadership
Luxury
Alexandre Arnault and Louis Vuitton Manager Ledru Said to Lead Tiffany
A top executive at Louis Vuitton and one of Bernard Arnault’s sons are set to take over management of Tiffany & Co. after the biggest acquisition in the luxury industry by LVMH.
Luxury
MatchesFashion Appoints Natalie Kingham as Global Fashion Officer
Kingham has a decade of experience at the luxury e-tailer, having worked as its international womenswear buyer and later fashion and buying director.
Luxury
Louis Vuitton’s CEO on Navigating the Pandemic and the Future of Luxury
The French megabrand was hit hard by the pandemic. But Chief Executive Michael Burke led Louis Vuitton to a healthy rebound by engaging local clients and driving sales online. Now, the executive is calling for a return to the original values of luxury.
Retail
YNAP Replaces CEO Marchetti, Buying Director Heads to Rival
An internal hire from owner Richemont will take the reins at YNAP, as buying director Elizabeth von der Goltz joins a recent talent exodus.
Luxury
MatchesFashion Appoints Net-a-Porter’s Elizabeth von der Goltz Chief Commercial Officer
It’s a newly created role for the global buying director and is the latest in a series of C-suite appointments made by MatchesFashion’s new chief executive Ajay Kavan.
Retail
Can New Leadership Save Victoria’s Secret?
The ailing lingerie brand has beat analyst’s expectations this year. But it’s betting on an executive overhaul to help it finally pull off a turnaround.
Retail
Struggling J. Crew Replaces Another CEO
Jan Singer, who only joined the ailing retailer in February, will be succeeded by Madewell chief executive Libby Wadle.
Workplace & Talent
PVH Hires Nike’s Jessica Lomax as Calvin Klein Global Head of Design
The brand began its search for a global head of design in late 2018, after Raf Simons left his role as chief creative officer.
Luxury
François-Henri Pinault Announces Pay Cut
The chairman and CEO of Kering's fixed salary will be cut by 25 percent until the end of 2020.
Workplace & Talent
Uniqlo Founder Resigns as SoftBank Board Member
Uniqlo founder Tadashi Yanai will step down from SoftBank's board at the end of this month.
Media
Op-Ed | The End of Fashion Establishment Gatekeepers
A top tier of editors, photographers, stylists and buyers once decided which designers and which trends would dictate a season. But that validation no longer carries the same weight with customers.
Workplace & Talent
Gap Inc. Chief Executive Art Peck Exits
Robert J. Fisher, Gap Inc.'s non-executive chairman of the board, will replace Peck as interim CEO and president.
The News in Brief
H&M, Adidas and Inditex Back New Effort to Address ‘Waste Colonialism’
The new initiative will explore how the industry can take responsibility for the millions of used and unsold garments exported to secondhand markets around the world.
Dyson’s $499 AI Toothbrush Sees Rocky Debut
The UK firm blamed a production error resulting in ‘water seepage’ for the disappearance of its newly launched camera-equipped toothbrush from stores.
Sephora to Launch at Marks & Spencer
‘Sephora at M&S’ will roll out in M&S stores and online starting next spring, with plans to expand to 100 locations by the end of 2028.
Novo Buys Rights to Early Obesity Pill For $2.6 Billion
The Wegovy maker has signed a deal to license an experimental obesity pill from China’s Jiangsu Hengrui Pharmaceuticals as it seeks to regain share of the global GLP-1 market.
Oura Delays US IPO
The smart ring maker said on Tuesday it has delayed its US initial public offering, citing market uncertainty.
Maxhosa Africa Brings Pan-Africanism to Paris Fashion Week
Creative director Laduma Ngxokolo’s label is the first South African brand to stage a full runway show on the official Paris Fashion Week calendar.
Shein Shares Sink to Record Low After Profit Plunge
The ultra-fast-fashion giant’s share price fell 12 percent after it reported a steep drop in first-half operating income in its inaugural earnings as a public company.