BoF compiles the most important professional moves of the week.
PARIS, France — Kering SA reported first-quarter sales that beat analysts estimates as growth in its directly operated stores cushioned a slowdown at handbag maker Gucci, and said it will reorganize its luxury division.
PARIS, France — Gucci owner Kering SA will consider acquiring sports and lifestyle brands in three years, as it assesses the performance of its Puma brand, Chief Executive Officer Francois-Henri Pinault said.
PARIS, France — Kering SA reported a 2.3 percent drop in 2013 earnings amid the weakest growth in four years at the Gucci luxury-goods brand.
PARIS, France — The fashion and luxury-goods industry is facing a shortage of skilled workers, according to Francois-Henri Pinault, chief executive officer of Kering SA, the owner of the Gucci brand.
PARIS, France — PPR's sportswear unit Puma will soon have a new chief executive, the French group's head said on Friday. PPR chief executive François-Henri Pinault was speaking at a news conference at which he unveiled a new name for the luxury goods group, which will be rebranded as Kering.
PARIS, France — PPR SA, the French owner of Gucci and Puma, will change its name to Kering to cap a transformation into a specialist in luxury products and sporting goods.
PARIS, France — PPR SA, the French owner of Gucci and Puma, is considering changing its name to Kering to cap its transformation into a luxury and sporting-goods specialist, according to people with knowledge of the plan.
LONDON, United Kingdom — Neither the Savigny Luxury Index (“SLI”) nor the MSCI World Index (“MSCI”) saw much activity during the month of December, finishing up 0.5 and 1 percent, respectively. Big news US shoppers were rather subdued in their purchases over the holiday season, causing all the US components of our SLI to fall immediately after Christmas, and then gradually catching up. PPR unveiled its first China-focused
LONDON, United Kingdom — It’s that time again when we take a look back at the people, places and innovations that have defined the year in the business of fashion. And what a year it’s been. From the debuts of new heavyweight designers at megabrands Dior and Yves Saint Laurent to the flurry of digital innovations and the rising markets of India, China and Brazil, we’ve covered it all. It was also a particularly special year for
PPR on watch for luxury ‘reinforcements’ (FT) “PPR is considering using cash generated by the sale of its retail assets for more luxury ‘reinforcements’, says chief executive François-Henri Pinault. ‘We have been talking about investing in a new luxury name’ says Mr Pinault. If PPR were to launch a new house, it would mark the first start-up by a major group since, in its earlier incarnation as Gucci,
Always in Fashion (NY Times) “Of course, Ms. Coddington’s frankness and profanity, as well as her differences from her boss, are precisely what first endeared her to a mass audience three years ago, when she emerged as the unexpected breakout star of R. J. Cutler’s documentary about Vogue, ‘The September Issue.’” PPR CEO upbeat on luxury goods market (USA Today) “As chairman and CEO of luxury empire