Antoine Arnault Becomes CEO of LVMH Holding Company
The second-oldest son of billionaire Bernard Arnault is replacing the 71-year-old Sidney Toledano as chief of Christian Dior SE, the investment vehicle through which the Arnault family controls luxury goods conglomerate LVMH. Read here.
What Will China’s Looser Covid Restrictions Mean for Fashion?
This week, China rolled back some strict zero-Covid measures, opening a road to recovery for luxury and retail. But the journey is likely to be long and bumpy, experts warn. Read here.
The first Cecconi’s outside London opens at Bicester Village
The famous Italian restaurant has just opened its first British outpost beyond the capital at Bicester Village in Oxfordshire. Read here.
The Edge, Bono and George Clooney were decorated. Does anyone care?
On Sunday, December 4, the three men were gathered in Washington, D.C., for the prestigious ceremony, organized annually since 1978 by the John F. Kennedy Center for the Performing Arts, during which they each received a lifetime achievement award. Read here.
‘Let’s keep our engagement to ban herbicides in AOC Champagne’
More than 125 Champagne winegrowers insist, in a group letter, on the need to implement the region’s 2018 commitment to ban herbicides by 2025. Four years ago, at the General Assembly of the Champagne Winegrowers’ Association, the Champagne region made a strong collective decision for its future, by setting itself the objective of achieving zero herbicides by 2025. Read here.
Diptyque partnered with Chinese artist Wang Chunyi to present a pop-up exhibition
Diptyque Collaborates With Chinese Artist To Present Shanghai Pop-up Exhibition. French perfume house Diptyque has partnered with Chinese artist Wang Chunyi to present a pop-up exhibition named “Narratives of Material” in Zhangyuan — a newly opened commercial and cultural district in downtown Shanghai. Drawing inspiration from four materials typically used by the brand, the show walks visitors through wax, clay, glass, and fabric. Read more.
Moncler is perfectly poised to tap China’s rising ski market.
The fascination for skiing has even reached inexperienced Gen Z enthusiasts; according to data from Xiaohongshu, searches for ski tutorials are on the rise -with many likely inspired by the allure of olympic star Eileen Gu. And, despite this booming market opportunity, consumers want a brand they can trust. With 70 years of global market experience, Moncler’s pioneering reputation in outerwear is undisputed, making it the ideal entry point and choice for Chinese consumers. Read the news.
Tesla’s Founder’s net worth down about $70bn after fall in electric car maker’s share price since he bid for Twitter
Tesla has lost nearly half its market value since its founder, Elon Musk, bid for Twitter in April, reducing his net worth by about $70bn and putting his title as world’s richest person at risk.The Tesla boss has sold $20bn of Tesla shares since April to fund the buyout. He now owns 445m shares, according to Reuters, and the share price decline has reduced the value of that holding, from $151bn to $77bn. Read the news.
How Saint Laurent Became a $3 Billion Powerhouse
CEO Francesca Bellettini breaks down how she worked with designer Anthony Vaccarello to more than double sales in 5 years, leaning into an amped-up take on Parisian glamour, seasonless merchandising and rapid expansion in leather goods. Read the news.
Balenciaga has apologised for two controversial ad campaigns
Gabriele Galimberti, the photographer who took pictures of children carrying teddy bears wearing S&M outfits for Balenciaga’s recent ad campaign, says he has received death threats in the aftermath of the scandal.
Speaking to the Guardian, he said: “I get messages like ‘we know where you live’. ‘We are coming to kill you and your family.’ ‘We are going to burn your house.’ ‘You have to kill yourself, fucking paedophile.’” He said 90% of the messages were from people in the US. Read the article.
Banksy Sells Rare Rat Prints To Raise Money For Ukraine
Banksy is selling off a series of rare screen prints to raise money for an organization helping civilians affected by the war in Ukraine, where last month murals by the pseudonymous street artist popped up overnight. Banksy had partnered with nonprofit Legacy of War to sell off prints to raise money for the international charity, which helps civilians in areas like Ukraine, Rwanda and Lebanon recover from war. Read the news.