On April 23, Kering, one of France’s giant luxury conglomerates, announced that it expects a 40%-45% decline in operating income for the first half of the year, following a drop in first-quarter sales for its flagship Gucci brand.
Fashion
On April 23, it was announced that former Gucci CEO Marco Bizzarri has joined the board of directors of sneaker brand Golden Goose.
On April 18, Louis Vuitton presented the Pre-Fall 2024 Women’s Collection by Nicolas Ghesquière at the Voyager Show held at the Long Museum in Shanghai.
Gucci, led by Creative Director Sabato De Sarno, will hold its 2025 Cruise Show at the Tate Modern in London on May 13, 2024.
British leather shoe brand Dr. Martens has filed a lawsuit against Chinese online retailer Temu.
On April 15, Dior presented its pre-fall collection at the Brooklyn Museum in New York.
Thom Browne recently collaborated with Saks Fifth Avenue, a luxury department store in the United States, to launch a limited edition capsule collection.
On April 12, Italian designer Roberto Cavalli passed away in his hometown of Florence. He was 83 years old.
Amid previous protests by workers in Bangladesh about wage increases, the Ministry of Labor and Employment (MoLE) recently announced a minimum monthly wage of 10,001 Tk ($91.06) for workers and employees in the cotton textile sector.
On April 8, Bloomberg News reported that the French luxury brand Chanel is considering buying the 745 Fifth Avenue building in Manhattan.