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Kering's strategic plan raises union concerns over job security

Following the strategic plan announced by Kering in Florence on April 16, unions are expressing concern about the future of jobs and have requested a meeting with CEO, Luca de Meo. In a statement today, the national secretariats of Filctem Cgil, Femca Cisl and Uiltec Uil acknowledged the important statements made to shareholders. However, they...

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Levi's executive appointed new CEO at Van de Velde

Belgian lingerie group Van de Velde has appointed Marc Dambremez as chief executive officer. According to a press release, he will take up the position on August 31, 2026. He succeeds Karel Verlinde, who is leaving the organisation after seven years. Dambremez has been tasked with accelerating the company's next phase of growth. With over 15...

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Richemont forgives 100 million euros of debt for Belgian brand Delvaux

Belgian luxury brand Delvaux has had its financial burden lightened. Parent company Richemont has forgiven 100.6 million euros (118.7 million dollars) of its debt, according to a report by Belgian business-focussed newspaper De Tijd. The debt has been converted into shares. This move strengthens Delvaux's balance sheet. It is not the first time...

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Association: ships in Gulf region to remain insured

Despite the war with Iran, German ships in the Gulf region can continue to be insured. This was announced by the German Insurance Association (GDV). “Insurers are adjusting terms and prices, but are not pulling out,” said Jörg Asmussen, general manager of the GDV. War risk insurance, which typically covers damage from incidents such as mines, is...

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From shoe company to AI: Allbirds' stock surge loses steam

The stock market surge of the former shoe company Allbirds, following its surprising pivot to the artificial intelligence (AI) business, is losing steam. The stock fell by more than 35 percent on Thursday after its price had previously increased approximately sevenfold. Allbirds was once a popular shoe brand, particularly in tech circles, which...

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How Nothink Shoes solves the high heel vs. comfort dilemma

"I wanted a product that would eliminate the compromise between beauty and practicality, helping women to live with more freedom and light-heartedness," says Asia Pellegrini, the under-30 founder of Nothink Shoes, the brand for all heel lovers. The idea came from Asia Pellegrini, the under-30 founder of this shoe label. It was made possible by...

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Inditex suffers cyberattack

Madrid – Spanish fashion giant the Inditex has become the latest major corporation to fall victim to a cyberattack. An “unauthorised access” to the company's computer databases, containing customer information from various markets, has been reported. However, it is specified that this breach has not affected customers' personal or banking...

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Strategic partnership: Kering and China's ICCF to strengthen Icicle brand

French luxury group Kering announced on Thursday during its Capital Markets Day that it will acquire a minority stake in the Chinese group ICCF (Icicle Carven China France). The investment is part of the “House of Wonders” initiative, through which Kering aims to support selected “emerging luxury brands”. According to the group, the transaction...

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Kering CEO details strategy for Gucci's return to growth

Florence, Italy - French luxury group Kering is at a “turning point”, its chief executive officer Luca de Meo said on Thursday. He was presenting the company's new strategic plan in Florence, Italy. To return to growth, the executive highlighted a series of measures, particularly for its flagship brand Gucci, with a “significant” move “upmarket...

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Kering unveils recovery plan, aims to more than double profit margin

French luxury giant Kering has announced a recovery plan as the group continues to struggle. On Thursday, it revealed measures that include more than doubling its operating margin rate in the medium term. The group began a transformation last year under its new chief executive officer, Luca de Meo. It now aims to achieve an operating margin rate...

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Deveaux Group seeks acquisition of children's fashion brand Jacadi

Paris, France - Children's fashion brand Jacadi could come under the control of the Deveaux group. The group has notified the Competition Authority of a proposed merger, the authority confirmed on Wednesday, corroborating a report by the Ouest-France newspaper. Jacadi has been owned by the northern French group IDKIDS since 2005, which has been...

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How the Made in France Alliance aims to revitalize French production

Launched at the end of January by the Confédération des petites et moyennes entreprises (CPME), the Made in France Alliance is part of a drive to revive national industrial production. Three months later, as new economic models redefine value dynamics, particularly those driven by the creator economy, the alliance has highlighted a series of...