Saint Laurent intends to stage a physical fashion show in Venice in July, featuring an installation by artist Doug Aitken commissioned by the label’s creative director Anthony Vaccarello.
Known for his site-specific installations and happenings, Aitken won the International Prize at the Venice Biennale in 1999 for his hypnotic video installation Electric Earth, which explored a black man’s journey though the contemporary American landscape.
The timing would suggest that it will be a men’s collection. In recent years, Saint Laurent has skipped Paris Men’s Fashion Week, instead staging annual itinerant shows in New York City and Malibu.
The brand, owned by luxury conglomerate Kering, was the first to announce last year that it would drop out of Paris Fashion Week .It’s like rats deserting a sinking ship. Continue reading
Kering Thursday confirmed that French authorities opened an inquiry into Kering’s taxes in February 2019, but continued to refute allegations of fraud, following a report published by the investigative from Mediapart. Kering had not been previously informed of this inquiry, the French luxury group said.
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.
Kering said net profit fell 63.4 percent in the first six months of the year after the coronavirus pandemic.
Kering sales fell 15.4% to 3.2 billion euros ($3.47 billion) in the first quarter, impacted, like its rivals, by store closures. That was a 16.4% drop like-for-like, which strips out the effect of acquisitions and currency swings.
Kering brands are banding together to donate a total of one million Australian dollars, or nearly $700,000, to local organizations in Australia working to fight the country’s wildfires, the group said in a statement Tuesday.
Kering chairman and chief executive officer François-Henri Pinault is showing a growing interest in media.The luxury company invested an undisclosed amount in The Explorers, a global media platform focusing on environmental issues through an app and web site.
During a visit to Kering Eyewear’s headquarters at the 17th-century Villa Zaguri here, about an hour away from Venice, Vedovotto spoke of the newly inaugurated logistics center unveiled by Kering chief François-Henri Pinault during Milan Fashion Week last month and provided an update on the performance of the company, which he set up in 2014, launching a new business model.
