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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
