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FRANCOIS HENRI PINAULT
China's Anta Sports muscles in with $1.8 billion move for 29.1% Puma stakePuma stake sale: Puma has been under pressure as demand weakened, and recent sneaker launches, including the Speedcat, failed to generate ...- Gucci owner sells beauty unit to L'Oreal for $4.7 billionIn a bold strategic shift, Kering, the parent company of Gucci, has decided to offload its beauty division to L'Oreal for a hefty $4.7 bill...
- Kering agrees to sell beauty unit to L'Oreal for $4.7 billion as De Meo trims debtGucci owner Kering is selling its beauty division to L'Oreal for 4 billion euros. This major deal includes the fragrance brand Creed and lo...
- Maverick Georgian designer Demna debuts for Gucci in MilanDemna is set to debut for Gucci at Milan Fashion Week. He takes over after a decade at Balenciaga. The collection, "La Famiglia," humorousl...
- Renault boss De Meo quits; report says he will head Gucci-owner KeringLuca de Meo, the Renault CEO, is departing. He might head to Kering, the owner of Gucci. De Meo successfully turned around Renault. He over...
- Gucci's India manager Nader Wassel steps down; move comes amid parent co Kering, hit by falling salesGucci's India head, Nader Wassel, has resigned amid restructuring by parent company Kering. The brand saw a 22% drop in profit in FY24, des...
- Luxury titans lose $58 billion as pandemic era splurge endsFrance's wealthiest luxury and cosmetics moguls, including Bernard Arnault and Francoise Bettencourt Meyers, have seen their fortunes shrin...
- Gucci's new designer Sabato De Sarno unveils minimalist glamour in debut collection at MilanGucci's new designer, Sabato De Sarno, showcased a minimalist collection in his highly anticipated debut fashion show. The collection featu...
- Luxury sector eyes reopening of ChinaThe world's largest luxury group LVMH posted a 23-percent jump in sales to a record of 79 billion euros ($86 billion) in 2022 and saw profi...
- Gucci's most recent advertisement for Harry Styles draws flakHarry Styles and Gucci have been receiving criticisms about their latest advertisement campaign. Harry Styles, the popular singer, is featu...
- Alessandro Michele steps down as Gucci’s creative director, 'there are times when paths part ways'Recently Alessandro Michele stepped down as Gucci’s creative director. After this, he stated, “parting ways is inevitable, each of us has d...
- Alessandro Michele steps down as Gucci creative director, bringing an end to his 8-year tenureMichele cited "different perspectives'' as the reason for his departure, without elaborating.
- Gucci heirs appeal to Ridley Scott to respect family's legacy in upcoming flick starring Lady Gaga'The House of Gucci' is based on a book about the 1995 murder of Gucci's grandchild, Maurizio.
- Buying diamonds in lockdown? WhatsApp can be your best friendThe pandemic has forced luxury goods companies to use social media, video and virtual showrooms to woo their clientele in Europe and keep t...
- Paris billionaire rivalry fuels pursuit of Tiffany, MonclerThe rivalry, more than two decades in the making, has defined the modern luxury industry and shows no signs of ending. Since 2001, when Ker...
- Meet Shantanu Narayen, the Adobe CEO who makes it to Fortune's 'Business Person of the Year' listIn November, the top boss celebrated his 11th anniversary at the helm.
- My husband's my angel: Salma HayekHayek praised her 'angel & saint' of her husband for always supporting her & their daughter Valentina, despite her busy filming schedules.
- Gucci owner Kering may acquire sports brandsAny deal will hinge on Kering’s ability to reverse the fortunes of Puma, Europe’s second-largest sporting-goods maker, which has been under...
- Plan B: 14 top leaders come together to incorporate CSR into businessPlan A — the current way of doing business — is “broken” and that it’s “no longer acceptable”. “Where we think we will be different,” says ...
- Brands don't have luxury of putting profit before prestigeAs consumers tighten their purse strings, luxury brands face a quandary: lower people’s expectations to retain profit, preserve their Uber-...
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