As luxury giants continue to snap up the world’s top brands, could the latest move be Kering preparing to buy Moncler? It could be if news reports are to be believed, although neither company has commented.
The U.S. threat of tariffs on French goods from handbags to Champagne proved just a glancing blow to giants like LVMH and Kering this week, as investors refused to give up their decade-long love affair with luxury goods.
A richly embroidered jacket by Yves Saint Laurent inspired by Vincent van Gogh's "Sunflowers" was sold at auction Wednesday for 382,000 euros ($420,000), a record for a garment from the celebrated French designer.
After stints at Helmut Lang, Gucci and Bottega Venetta, Bellettini joined Saint Laurent as CEO in 2013 to take it to the next level. She talked about identity, creativity and empowerment at the Vogue Fashion Festival.