Luxury Daily’s live news: Alexander McQueen secures new CEO, former heads to Versace; Goldman Sachs offers first OTC crypto trade; Hennessy debuts forest regeneration program; Four Seasons, Guerlain partner for wellness experience; Artsy announces NFT benefit auction.
Luxury conglomerate Kering has announced the appointment of Gianfilippo Testa as CEO of British fashion house Alexander McQueen, effective May 2022.
With Russia’s war on Ukraine well into its fourth week, luxury brands across sectors have publicly supported various relief efforts in the region and distanced themselves from Moscow.
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Kering-owned fashion house Balenciaga is touting its appreciation for music through an ongoing project in which creative director Demna Gvasalia selects artists to curate musical playlists.
What is happening in Russia shows just how difficult it has become for brands to navigate the economic fallout of war and maintain global success in a complex world — and how decisions in one market impact sales in another.
Luxury resale platform Vestiaire Collective has acquired preowned fashion marketplace Tradesy as the secondhand sector continues to see acceleration.
China’s zero-COVID policy could severely impact luxury brands and their stocks, as consumer confidence may fall again after stabilizing in January.
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French luxury conglomerate LVMH Moët Hennessy Louis Vuitton is fostering a group-wide global discussion to encourage gender equity in line with International Women’s Day.
