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
News & Analysis
Condé Nast’s Head of Finance and Human Resources To Exit in Leadership Restructure
David Geithner and JoAnn Murray will leave their positions by the end of the year.
Retail
The Inner Workings of Victoria’s Secret: A Chairman and His Circle
Creative director Ed Razek is exiting Victoria’s Secret as the brand suffers from sinking sales and media reports of past links to sex offender Jeffrey Epstein. But the root of the problem may be the very thing that made the company so successful in the first place: billionaire L Brands chairman Les Wexner’s tight grip on power.
News & Analysis
Arnault Overtakes Gates to Become World’s Second-Richest Person
Bernard Arnault has added $39 billion to his fortune in 2019 alone, the biggest individual gain by far among the 500 people in Bloomberg’s ranking.
Luxury
Kering Taps Saint Laurent COO to Lead Bottega Veneta
Claus-Dietrich Lahrs is exiting the luxury brand after three years in the chief executive role and less than a year after the arrival of new creative director Daniel Lee.
Luxury
Stefan Larsson Named President of PVH Corp.
The former chief executive of Ralph Lauren will start June 3 and oversee Calvin Klein and Tommy Hilfiger.
News & Analysis
Sir Philip Green Is No Longer a Billionaire
"The significant drop in the tycoon’s wealth follows last year’s revelations of sexual harassment and bullying allegations made against him."
Luxury
Stefano Pilati’s Next Move
From his new base in Berlin, the former Yves Saint Laurent designer is breaking away from the traditional luxury model and building a fledgling fashion venture rooted in accessible pricing, digital sales and customer feedback. Can it scale?
Retail
Stefan Larsson in Talks to Be the Next CEO of J.Crew
Should the conversation advance, Larsson, who left Ralph Lauren in 2017 following disagreements with its founder, would be inheriting yet another American brand in desperate need of a turnaround.
Luxury
Maureen Chiquet Joins MatchesFashion Board
The former Chanel CEO will bring her experience to the fast-growing luxury e-commerce site, while Autotrader’s Trevor Mather will also join the board.
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.