PARIS — Kering, already hit by slowing demand for luxury, said Wednesday that its planned disposal of La Redoute and one-off charges at Puma would send its net income “down very significantly” in 2013 versus a year ago.
It is understood Kering plans to inject hundreds of millions of euros to recapitalize La Redoute before selling the struggling catalog retailer.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"