Published: April 10, 2020
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.
Published: April 10, 2020
Kering, owner of brands such as Gucci, Saint Laurent and Bottega Veneta, said company chairman/CEO François-Henri Pinault will reduce the fixed portion of his salary by 25 percent from April 1 to Dec. 31.
Published: April 9, 2020
Luxury Daily’s live news: Cartier pitches in with message of solidarity on Instagram; No surprise in Ferragamo earnings amid global downturn; Cut stamp duty, extend SDLT holiday to get UK housing market moving post-lockdown: Knight Frank; Estée Lauder Cos. goes to market for $700M in borrowings; Hermès mourns loss of top window dresser Leïla Menchari to COVID-19; Kering and brands donate $1M to CDC Foundation to help healthcare workers in the Americas; Women in Luxury 2020 New York conference moved to Wednesday, July 8.
Published: April 8, 2020
Luxury Daily’s live news: Cartier pitches in with message of solidarity on Instagram; No surprise in Ferragamo earnings amid global downturn; Cut stamp duty, extend SDLT holiday to get UK housing market moving post-lockdown: Knight Frank; Estée Lauder Cos. goes to market for $700M in borrowings; Hermès mourns loss of top window dresser Leïla Menchari to COVID-19; Kering and brands donate $1M to CDC Foundation to help healthcare workers in the Americas; Women in Luxury 2020 New York conference moved to Wednesday, July 8.
Published: April 8, 2020
The funds will help the CDC Foundation to offer personal protective equipment and other important supplies to health authorities fighting to curb the spread of the COVID-19 coronavirus.
Published: April 1, 2020
Kering-owned jewelers Pomellato and DoDo have launched an awareness campaign and crowdfunding effort to take a stand against the upsurge in incidents of domestic abuse in Italy during the ongoing period of mandatory confinement.
Published: March 31, 2020
Luxury Daily’s live news: United Airlines, recipient of US federal aid to save jobs, does not see travel snapping back any time soon; Oetker Collection, showing solidarity with customers, pushes happiness therapy with video vignettes on blog; Bloomingdale’s parent Macy’s teeters on edge, furloughs almost all employees; Saks Fifth Avenue Foundation donates $600K to support mental health in times of COVID-19; Kering, like rival LVMH, postpones annual meeting over ongoing COVID-19 measures.
Published: March 30, 2020
Luxury Daily’s live news: United Airlines, recipient of US federal aid to save jobs, does not see travel snapping back any time soon; Oetker Collection, showing solidarity with customers, pushes happiness therapy with video vignettes on blog; Bloomingdale’s parent Macy’s teeters on edge, furloughs almost all employees; Saks Fifth Avenue Foundation donates $600K to support mental health in times of COVID-19; Kering, like rival LVMH, postpones annual meeting over ongoing COVID-19 measures.
Published: March 30, 2020
French conglomerate Kering, owner of brands such as Gucci, Saint Laurent and Bottega Veneta, has postponed its annual general meeting to June 23 as the COVID-19 coronavirus hampers the travel and participation of company shareholders.
Published: March 24, 2020
Luxury Daily’s live news: Employee loyalty, already strained pre-virus, now under severe test with furloughs and layoffs; Private jet travelers split on where 2020 will end up: survey; Kering, LVMH accelerate support to coronavirus-embattled France with arrival of masks, hand sanitizers; LVMH denies open-market purchase of Tiffany shares.