Kering acquires 30% of Italian brand Valentino
French luxury group Kering has announced the acquisition of a 30% stake in Italian fashion label Valentino from Qatari investment fund Mayhoola for €1.7 billion. Read More...
PRINT & DIGITAL
Christopher Kane founders buy back brand
British fashion brand Christopher Kane has been rescued from administration by its original founders Christopher and Tammy Kane. Read More...
Weak growth for Kering in first half results
Luxury group Kering has reported its financial results for the first half of the 2023 fiscal year, achieving a 2% increase on group revenue to €10.1 billion. Read More...
Kering names replacement for Gucci CEO
Kering has named a replacement for Gucci CEO and President Marco Bizzarri, who will leave the brand on September 23, 2023. Read More...
Bolt Threads stops mycelium material production
U.S.-based biomaterials company Bolt Threads has announced that it will stop production of its Mylo mycelium material after failing to secure necessary funding. Read More...
EU antitrust regulators investigate fashion brands
EU antitrust regulators who raided Kering’s Gucci and other fashion companies last April are looking into how they set prices of handbags and other leather goods for their distributors, according to Reuters. Read More...
Kering opens new Italian headquarters in Milan
Luxury group Kering has announced the opening of a new 9,500 sq m Italian headquarters in Milan. Read More...
Mixed first quarter performance for Kering
Kering has announced its results for the first quarter of the year, achieving a group revenue increase of 2% to €5.1 billion. Read More...
Kering highlights lab-grown leather in sustainability report
Kering has released its Sustainability Progress Report 2020-23, highlighting some of its achievements over the past few years as well as its ongoing goals. Read More...
Gucci launches Circular Hub for Italian luxury industry
Gucci, with the support of parent company Kering, has announced the launch of Circular Hub, an “open innovation platform” for circular product development in the Italian luxury industry. Read More...
