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The Latest Breaking News from Kering

Burberry joins LVMH and Gucci in the luxury slump as brand says it may miss its revenue target for the year

Burberry's half-year sales inched up just a little, pointing to a luxury downturn that its rivals like LVMH and Kering have been experiencing.

Fortune

Luxury shoppers are buying less Balenciaga and Gucci, in latest signs of an end to the ‘roaring 20s’

Economic pressures have added to the list of challenges faced by the luxury giant behind Gucci and Yves Saint Laurent.

Fortune

The AI revolution is coming. Invest in $10,000 handbags

Analysis shows LVMH, Dior, Hermès and Gucci owner Kering have consistently outperformed Amazon, Google and Apple

The Guardian - UK

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Alexander McQueen designates Seán McGirr as new creative director

Irish-born, London-based successor to Sarah Burton continues pattern of brands promoting or poaching talent

The Guardian - UK

The next Alexander McQueen creative director named as Seán McGirr

The former head of ready-to-wear at JW Anderson will be Sarah Burton’s successor, company owner Kering has announced

Evening Standard

Sarah Burton to leave Alexander McQueen fashion house after two decades

The brand’s creative director shot to international fame for creating the Princess of Wales’s wedding dress

The Guardian - UK

Sarah Burton, who designed Kate's royal wedding dress, to step down from Alexander McQueen

The fashion designer who created the wedding dress of Kate Middleton, Princess of Wales, is stepping down as creative director at Alexander McQueen after two decades at the brand, luxury group Kering said

The Independent UK

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Brad Pitt, Reese Witherspoon, and Steven Spielberg have a new rep as French billionaire buys CAA, one of Hollywood’s biggest talent agencies

Francois-Henri Pinault's holding company, Artémis, will hold about a 53% stake in the talent agency that works with numerous A-listers.

Fortune

Versace’s new owner wants to be a big beast. But it’s no match for Europe’s behemoths

Tapestry’s purchase of three big fashion names gives it heft. But LVMH and Kering have the front row to themselves

The Guardian - UK

Coach parent Tapestry buying Capri, owner of Michael Kors and Versace, in $8.5 billion deal

Tapestry, parent company of luxury handbag and accessories retailer Coach, is buying the owner of fashion brands including Michael Kors, Versace and Jimmy Choo, Capri Holdings

The Independent UK

French luxury group Kering to buy 30% stake in Valentino for 1.7 billion euros cash

French luxury conglomerate Kering has reached a cash deal to purchase a 30% stake in Italian fashion house Valentino for 1.7 billion euros from a Qatari investment firm

The Independent UK

‘You need the glamour of a big opening’: US actors’ strike starts to bite on red carpet

Blockbusters such as Barbie have weathered the absence of Hollywood stars from promotion – but behind-the-scenes workers are worried

The Guardian - US

Gucci's CEO is stepping down as its French parent shakes up leadership

The president and CEO of Gucci is stepping down later this year

The Independent UK

Salma Hayek's tie-dye look combines style and comfort as she cozies up to an unlikely pal

Salma Hayek's tie-dye dress is far from her red carpet glam and we're totally here for it!

Woman & Home

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Daily Mirror

Rosie Huntington-Whiteley wows in glam gown alongside husband Jason Statham at Cannes

Rosie Huntington-Whiteley stunned as she attended the Women in Motion Awards at the Cannes Film Festival alongside her actor husband Jason Statham

Marie Claire

In Order to Revolutionize Fashion, Prioritize Innovation

"We must remain optimistic."

Financial Times

Will the extraordinary boom in luxury goods ever end?

The rise of LVMH to become Europe’s first $500bn company illustrates the sector’s seemingly unstoppable growth

Marie Claire

How Mentorship Can Impact Sustainability in Fashion

At Marie Claire and Kering's Fashion Our Future event, panelists discussed empowering others to ask the tough questions.

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Radio France Internationale

Screen goddess Catherine Deneuve adorns Cannes Festival poster

The official poster for the Cannes Film Festival has been unveiled. In elegant black and white, it features the French actress Catherine Deneuve on a film shoot in 1968. Her daughter, Chiara Mastroianni, has been chosen to host the opening and closing ceremonies of the 76th edition which runs from…

Radio France Internationale

Oscar-winning actress Michelle Yeoh scoops Women in Motion award

Malaysian actress Michelle Yeoh is up for the annual "Women in Motion" award which will be presented in May at the Cannes Film Festival during a dinner in honor of women in cinema.

Marie Claire

How Sustainability Will Redefine the Future of the Fashion Industry

Marie Claire and Kering brought sustainable fashion center stage at the Fashion Our Future Event in New York City on March 16.

Asharq Al-Awsat

Gucci Slump Pushes Kering Sales Down 7% in Q4

Sales at French luxury group Kering fell 7% in the fourth quarter, dragged lower by a slump in revenue at its biggest brand Gucci reflecting COVID-19 disruptions in China. Gucci's revenue fell 14% on a comparable basis to 2.73 billion euros ($2.92 billion) to lag an analysts' consensus for an…

Asharq Al-Awsat

Kering Recruits Estee Lauder Exec for Push into Cosmetics

French luxury goods group Kering said on Friday it was entering the cosmetics business, with the announcement that it has recruited seasoned Estee Lauder executive Raffaella Cornaggia to head the push into the new segment. "We are building this new area of expertise within our Group to ensure that our…

The Times of India

Sabato De Sarno is the new creative director of Gucci

Italian designer Sabato De Sarno has been named the new creative director of Gucci, and will unveil his first collection during Milan Fashion Week next September, Gucci and parent company Kering announced Saturday.

The Independent UK

Sabato De Sarno named new Gucci creative director

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