Kering's shares fell by nearly 6 percent on Thursday after signs of a slowdown at the French fashion company's Gucci brand, particularly in the United States, took the shine off a broader rise in sales.
Gucci growth is slowing but Kering is OK with that as it's still surging. Meanwhile Saint Laurent and Balenciaga are powering ahead and Bottega Veneta sales may be down, but the omens are good for Daniel Lee's designs.
Kering will again partner with Michelle Obama when the former First Lady presents the French edition of her autobiography, Becoming, in Paris next week, before an audience that will include 350 young women.
The Italian footwear label has tapped the former creative director of Lanvin to collaborate on its Tod's Factory project. The famous designer has created an accessory collection that will be revealed before the summer.
Carine Roitfeld on Thursday announced plans to debut her new CR Runway concept this June with a mammoth fashion show for an audience of 5,000; in partnership with Florentine boutique LuisaViaRoma during Pitti Uomo.