
The luxury conglomerate is launching 'KeringForYou', its first internal shareholder plan allowing employees to acquire shares in the company at a discounted rate.
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The luxury conglomerate is launching 'KeringForYou', its first internal shareholder plan allowing employees to acquire shares in the company at a discounted rate.
Vitrolabs, the San Francisco-based sustainable leather producer, announced that it has raised 46 million dollars in funding. Bestseller and the Kering group as well as actor Leonardo Di Caprio are among the investors.
Kering on Thursday confirmed the appointment of Yonca Dervisoglu to its board of directors, as the French luxury conglomerate homes on in digital technologies and the metaverse.
From Dior to Chanel, Bottega Veneta to Louis Vuitton, luxury houses and brands such as Diesel or Drome are multiplying their artistic initiatives in Venice, where the 59th Art Biennale has just kicked off.
As brands increasingly abstain from using animal fur, what are the alternatives? Here are some suggestions drawn from a conference that brought together Kering, Peta, and Ecopel.
Capri Holdings on Monday named Alexander McQueen chief Emmanuel Gintzburger as the new CEO at Versace, effective this September. On the same day, Kering named Gianfilippo Testa as CEO of McQueen, talking over in May.
The luxury sector was in excellent health in 2021, and leading groups are keen to maintain their margins in 2022, despite rising costs and inflationary pressures, which are expected to lead to price increases.
After a disappointing Q3, the Kering group’s powerhouse bounced back to generate a revenue of €9.7 billion, up 31%, driven by direct-to-consumer sales and thanks to even more upmarket products and multiple initiatives.
During the presentation of its annual results, the CEO of the French group discussed his take on the luxury market, the increase in prices, relationships with multi-brand retailers, and the metaverse.
Luxury giant Kering had good news on Thursday, reporting “sharp” annual revenue growth year-on-year and a double-digit rise compared to 2019. Gucci, Saint Laurent, Bottega Veneta and Balenciaga all powered ahead.