Kering is selling 8.8 million shares, representing 5.9 percent of Puma’s capital. Kering said on Monday it was selling about 8.8 million shares that it owns in Puma, representing 5.9 percent of the German sporting good-maker’s share capital, through a placement to qualified investors.
Since 2018, the group gradually reduced its stake in Puma after spinning off 70 percent of the company to its shareholders as part of a plan to refocus on its luxury division. That move left the Pinault family’s private investment arm Artémis with a 29 percent stake, and Kering with around 16 percent.
“The proceeds of this transaction will be used for the general corporate purposes of Kering and will further strengthen its financial structure,” the French luxury group said in a statement.
Kering’s share price has recovered to its levels at the start of 2020, after plummeting by as much as 39 percent in March as the coronavirus pandemic shut stores and brought factories to a halt. Continue reading
Japanese fashion designer Kenzo Takada, famous for creating the world-renowned Kenzo brand, has died from complications linked to COVID-19 at the age of 81,
Tonight, Isabel Marant celebrated love, joy, celebration and human warmth. The tent she usually erects in the Palais Royal gave way to an outdoor parade in free placement. No millimetre front row, no hierarchy, just love and a good dose of energy, which devotees like Lena Mahfouf, Kim Chapiron and Tina Kunakey came to celebrate with her. The (La)Horde dance collective shared the podium with a diverse and joyful cast, in an ultra dynamic choreography: the dancers ran, jumped, hugged each other, forming human pyramids that punctuated the passage of the mannequins.
That Owens showed in front of the Lido Casino with no audience and not in Paris was a function of the coronavirus pandemic. Venice is two hours away from Owens’ Italian factory, where he’s been holed up. And incidentally, the word quarantine originates from the Venetian language and the region’s response to the bubonic plague in medieval times.
Spring 2021 show, which was held in a vast white box in the Tuileries Garden. Chiuri has been one busy bee in recent months: creating a couture collection in miniature, and a lavish film that continued her narrative, and staging a massive open-air show in Lecce, Italy, for cruise that involved scores of collaborations with local artisans. Here she continued the thread and the toil for spring, linking with women in Indonesia for original Ikat prints, and turning out 86 exits in a dark room punctuated with stained-glass-like windows bearing magazine collages by artist Lucia Marcucci.
It only took 15 years for Nicolas Ghesquière’s next runway venue to finally be ready: Louis Vuitton will cap off Paris Fashion Week on Oct. 6 with a fashion show at La Samaritaine.
Omar spent his childhood traveling and living throughout Europe. Initially believing that words were the best way to communicate with the world he started studying film but later realized that he could tell more intricate and vibrant stories through fashion. “Clothing is a language within itself,” he says. Omar graduated from Parsons School of Design with a degree in fashion. In 2001, he started working for Sonia Rykiel in Paris and became Visual Director for the New York City office. He spent seven years with Madame Rykiel fostering a meaningful relationship with the designer. In 2010, he joined Christian Lacroix and spent two years with the house.
Laurent Malecaze joins Paris-based AZ Fashions from The Webster in New York, and so Alber Elbaz Finds CEO for Fashion Startup. Laurent Malecaze as chief executive officer of his fashion startup, currently ceo of luxury retailer The Webster in New York.
The French fashion house plans to unveil its annual Métiers d’Art collection on Dec. 1 at the Château de Chenonceau, one of the jewels of the Loire valley. The current château was built in 1514–1522 on the foundations of an old mill and was later extended to span the river. The bridge over the river was built (1556-1559) to designs by the French Renaissance architect Philibert de l’Orme, and the gallery on the bridge, built from 1570–1576 to designs by Jean Bullant.
Despite double-digit sales declines in the category over the course of 2020, the fragrance industry had a bright spot Thursday afternoon, thanks to the 2020 Fragrance Foundation Awards webinar, which revealed winners in 25 categories.
The K.K touch, Jones is to show his first collection for Fendi in February 2021, the Italian brand said in a brief press release.
A whopper or not ?There’s a new executive structure at Sephora, with Martin Brok joining the world’s largest prestige beauty retailer as president and chief executive officer, reporting to Chris de Lapuente, who previously led the chain for 10 years.
Lanvin has tapped Arnaud Bazin as its new deputy general manager. The fashion house confirmed his arrival and said Bazin would work with Grace Zhao, its new deputy general manager for the Asia-Pacific businesses. “Together, Mr. Bazin and Ms. Zhao will oversee the overall strategy for the brand and its implementation globally,” .The lord of luxury dispatches his men everywhere in fashion and luxury groups.