Luxury Goods Oust Executives With Global Economy in Flux (Business Week)
"Luxury-goods makers are spring cleaning their boardrooms and ateliers. At least 14 new presidents, chief executive officers, chief financial officers and creative directors started at European companies, including Mulberry Group Plc and PPR SA in the first quarter alone."
Cashmere house Cucinelli IPO approved by Milan bourse (Reuters)
"Italian clothing company Brunello Cucinelli has received the green light for its initial public offering in Milan, the Italian bourse operator said on Tuesday, paving the way for a listing expected early next month."
Digital Tools Boost In-Store Service (WWD)
"The online and offline shopping worlds are converging, and thanks to a handful of digital solutions, retailers are using them to enhance offline shopping practices more than ever... Gucci unveiled a 'Mobile Point of Sale' program this week that will launch later this year at select boutiques in the U.S., Europe and Asia to better the retail experience for consumers."
Billionaires Unmasked as Coty Persists in Pursuit of Avon (Bloomberg)
"The German billionaires behind Coty Inc.’s $10 billion bid for Avon Products Inc. (AVP), the world’s largest direct seller of cosmetics, are the heirs to a 189-year- old chemicals empire their father helped transform into one of the largest consumer-goods companies in the world."
Pinvolve Converts Facebook Pages Into Pinterest Pinboards (TechCrunch)
"The folks behind a forthcoming fashion catalog for the iPad, Bazaart, have launched an interesting side project... From their participation in DreamIt’s new Israel-based startup accelerator program. In need of something similar for themselves, the company launched a Facebook app called 'Pinvolve' which converts Facebook Pages into Pinterest pinboards."