In the wake of Balenciaga’s ad scandal, a portion of Kering chairman and chief executive officer François-Henri Pinault’s pay will be indexed on the French luxury group’s efforts to protect the reputation of its brands. Perhaps there should also be a sanction for parents who merchandise their children.
Speaking at the group’s annual general meeting in Paris on Thursday, Véronique Weill, an independent board director at Kering, said it was one of two new criteria determining the variable salary of the group’s top two executives, Pinault and group managing director Jean-François Palus, in 2023. Another new element is linked to the reduction of the group’s carbon footprint, Weill said.
Addressing the situation on Thursday, Pinault took responsibility for the error, but emphasized that Kering’s brands are bigger than the inviduals who run them.
Balenciaga triggered outrage with two ad campaigns in November, the effects of which continue to impact the revenues of Kering’s “other houses” division, which recorded a 9 percent sales decline in the first quarter.
The official NewJeans Instagram account announces Haerin’s appointment as Dior’s global Ambassador for jewellery, fashion and beauty.
John Galantic, president and chief operating officer of Chanel Inc., is stepping down from his role.
Bruno Pavlovsky, president of the Federation of Haute Couture and Fashion, and Pascal Morand, its executive chairman, detailed some of the measures taken by the organization to preserve its schedule from the disruptions expected from the Games, which will monopolize the city’s venues and security forces for several months.
Sidney Toledano, chairman and CEO of LVMH Moet Hennessy Louis Vuitton, is moving on to another role within the French luxury group LVMH. The same old story: the people who go up are the same people you see when they come down.

Block parties were sweeping New York’s Bronx borough as Black and brown youth celebrated culture, community, and a new genre of music: hip-hop.
Mary Quant, a figure of the Swinging Sixties, the cultural revolution of the 1960s in the United Kingdom, passed away on Thursday. According to some, the British designer with brown bangs popularized the miniskirt.It is however the subject of “discussions”, with some pointing to André Courrèges as the partner behind this iconic piece of women’s clothing. Some say that his haircut was stolen by the copious Wintour
The French fashion house Hermès has opened a new leather goods workshop in Louviers, creating 280 jobs and strengthening its commitment to sustainable employment.
Gucci has launched its first luxury salon boutique concept in Los Angeles. The 4,380-square-foot space is located on the prime corner of Melrose Place and Melrose Avenue, in an ivy-covered building that was occupied for years by Marc Jacobs.

An example of a cross-cultural fashion collaboration can be found in the lobster dress that was designed by Italian designer Elsa Schiaparelli and Spanish artist Salvador Dalí in 1937, now housed in the Philadelphia Museum of Art.
This is great news! H&M Beauty’s opening of its first global flagship store in Oslo is a major milestone for the brand. It shows the brand’s commitment to expanding its beauty offerings and providing more options for its customers. After you’re poorly dressed, you’ll be poorly make up.
Walt Disney Co. shareholders are expected to elect Mark Parker as chairman at their annual meeting on Monday, giving Nike Inc.’s executive chairman another spot at the top.
Over the coming months, China’s reopening will partly fuel a rebound in luxury consumption in the Middle East. Chinese tourists are expected to boost Middle East luxury sales over the next six to 12 months, starting in the second quarter.
On Wednesday, huge logistical and security measures were put in place as Dior teams worked around the clock, sets for the show were put together over the past five days and flights arrived with celebrities planning to attend the show.
He has designed and created watches for some of the greatest names in modern luxury watchmaking, including IWC, Omega, Universal Genève, Patek Philippe and Audemars Piguet. Gérald Genta is nicknamed by Christie’s the “Fabergé of watches