Luxury Daily’s live news: US department store chain Nordstrom closes some stores again after looting; US retail lobby NRF alarmed at looting of stores, unsure of speed of economic recovery; Dior Talks debuts “The Female Gaze” in its next podcast series; Kering reaffirms support LGBTQIA+ in June Pride month; Luxury brands condemn racism even as looters damage Chanel, Bloomingdale’s and Nordstrom stores in US.
French luxury conglomerate Kering has reaffirmed its commitment to create and maintain an equal and inclusive environment for all employees worldwide as it celebrates the LGBTQIA+ Pride month of June.
Luxury Daily’s live news: Bentley, Rolls-Royce welcome bees back to production line; German lifestyle brand Porsche Design turns to Italy’s BRIC’S for new line of luggage and leather goods; Veuve Clicquot raises hands for French women entrepreneurs with SISTA mentoring deal; Modern Luxury releases The Hope Issue, with 100pc of magazine’s profits going to Feeding America food banks; Gucci’s Chime for Change, Kering Foundation launch #StandWithWomen for funding nonprofits battling gender-based violence.
Luxury Daily’s live news: Bentley, Rolls-Royce welcome bees back to production line; German lifestyle brand Porsche Design turns to Italy’s BRIC’S for new line of luggage and leather goods; Veuve Clicquot raises hands for French women entrepreneurs with SISTA mentoring deal; Modern Luxury releases The Hope Issue, with 100pc of magazine’s profits going to Feeding America food banks; Gucci’s Chime for Change, Kering Foundation launch #StandWithWomen for funding nonprofits battling gender-based violence.
The two organizations have taken a strong stand against gender-based violence at a time when access to health services is limited due to lockdowns and the virus outbreak.
Luxury Daily’s live news: New Stuart Weitzman spokeswoman Serena Williams stars in campaign of hope; Lockdown-impacted Marriott International amends cobranded credit card deals to raise $920M; How US department store giant Nordstrom is thinking about reopening; Kering issues bond for $1.3B to firm up finances as COVID-19 takes toll; Webinar on May 13: China Luxury Rebound: Lessons for Other Markets.
Luxury Daily’s live news: New Stuart Weitzman spokeswoman Serena Williams stars in campaign of hope; Lockdown-impacted Marriott International amends cobranded credit card deals to raise $920M; How US department store giant Nordstrom is thinking about reopening; Kering issues bond for $1.3B to firm up finances as COVID-19 takes toll; Webinar on May 13: China Luxury Rebound: Lessons for Other Markets.
Gucci owner Kering has issued a dual-tranche bond for $1.3 billion to shore up its liquidity position as the French conglomerate’s global operations face stalled operations bar ecommerce.
In a quarter heavily weighed down by the COVID-19 global lockdowns, luxury conglomerate Kering posted revenue of $3.48 billion, down 15.4 percent as reported and a 16.4 percent drop on a comparable basis.
Luxury Daily’s live news: US government stimulus to help lockdown-affected brands and retailers has contradictory provisions; France’s Vilebrequin asks for shots of vintage swim trunks in ramp-up to special anniversary; Hermès: What happens when Kelly came to town?; Claire Waight Keller leaves Givenchy; Kering chairman/CEO François-Henri Pinault, in nod to COVID-19 turmoil, takes major pay cut.
