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.
The French fashion house Hermès has opened a new leather goods workshop in Louviers, creating 280 jobs and strengthening its commitment to sustainable employment.
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.

With immediate effect, Philippe Farnier has been appointed executive vice president international of Parfums Christian Dior. In an internal memo, parent company LVMH Mot Hennessy Louis Vuitton announced changes in its Perfumes and Cosmetics Division earlier this month. That included the nomination of Véronique Courtois
A statement will be released shortly regarding Jeremy Scott’s departure from Moschino after 10 years as creative director.
From Sarah Burton’s return to Alexander McQueen’s Savile Row roots to Chitose Abe’s pinstriped suits at Sacai to Louis Vuitton’s blanket-soft herringbone blazers and pants to Simone Rocha’s sublime sailor-inspired styles, tailoring was prominent throughout the show.
To make rhyme style and sustainability, it was the mission given this year by the Oscars to the guests of the prestigious ceremony. They were invited this March 12 to favor rental, reuse, upcycling, or natural materials to green the most scrutinized red carpet of the season.
After two strong years of luxury sales in Europe and the U.S., high-end demand remains strong.Mostly, freewheeling spending is driven by “how people feel, what they want” Consumers “don’t care and want to have a good time” even if their stock market portfolios decline after experiencing two terrible years caused by the pandemic.