On Friday, the Swiss luxury giant, owner of jewellery brand Cartier, announced its Group EVP Human Resources Sophie Guieysse is stepping down “with immediate effect”, in the midst of an executive remuneration row.
Kering’s eyewear business has announced a partnership with Chloé. Kering Eyewear will design, produce, and distribute eyewear for Chloé (Richemont), taking over from its previous partner Marchon Group.
Alibaba's 6.18 Mid-Year Shopping Festival (running on Tmall and Taobao) has seen a luxury surge. Almost double the number of luxury brands are participating compared to the last big event, 2019’s Singles Day in November
Richemont mixed good news with bad on Friday as it delivered its full-year results, with the giant luxury group reporting resurgent demand in China on the reopening of its stores, but also a profits plunge.
Chanel has joined Rolex, Patek Philippe, Chopard and Tudor in a dramatic group decision to quit Baselworld and create their own luxury watch salon in Geneva, a potentially paradigm shift in the industry.
While fashion museums have had to close and even postpone the launch of upcoming exhibitions and events, many are getting creative and going digital to bring their exclusive work to people around the globe.
Cartier has decided to postpone a major exhibition in Milan’s Triennale design museum, scheduled to open next month, in the latest delayed project in luxury and art since the outbreak of the coronavirus in Italy.