Unlike Rihanna’s highly successful beauty line, the Fenty clothing label has yet to find its footing.
The move came just before a Paris court threw out a request by rival shareholders for Lagardère SCA to hold an exceptional shareholder meeting.
The funds will help the Pasteur Institute of Lille, France, launch large scale clinical trials to test a new COVID-19 treatment.
An Extinction Rebellion protester hit the catwalk at Dior with a yellow banner painted with the words: “We Are All Fashion Victims.”
Martin Brok, a former Starbucks executive, will report to Chris de Lapuente, who is adding other responsibilities within parent company LVMH Moët Hennessy Louis Vuitton.
The transaction is expected to finalize in early September.
Chairman and ceo Bernard Arnault reported strong signs of an upturn in activity since June.
Chairman and ceo Bernard Arnault said he hoped the recovery will be confirmed in the second half of the year.
“We came out stronger from this,” said chief executive officer Pietro Beccari, as the brand unveiled its cruise show in Italy.