The key to winning a loyal following in the new generation of Millennials – the key target market for all fashion houses - is emotion, insists François Henri Pinault, CEO of French luxury conglomerate Kering Group.
Chanel has no immediate plans for online sales of its coveted outfits or handbags, a senior executive said on Friday, making it one of the fashion world’s last hold-outs as rivals head online to win over new clients.
LVMH, the world’s biggest luxury goods company, has bought a majority 60 percent stake in Napa Valley’s Colgin Cellars vineyard, as part of the French group’s general strategy of acquiring highly-rated wine operations.
It’s all change at LVMH, where another respected CEO in the extended group is set to leave a thriving fashion house. Simon Whitehouse, the energetic CEO of J.W. Anderson will quit the company at the end of the year.
Burberry shares continued to fall Friday as investors were spooked about planned changes at the label and the money they will cost. But Belgian Billionaire Albert Frere took the opportunity to raise his stake.