The Pyer Moss founder and Kering ceo François-Henri Pinault hope “Your Friends in New York” will foster “the next generation of innovators.”

Alexis Sornin joins the institution from Palazzo Grassi and Punta della Dogana, billionaire François Pinault’s art museums in Italy.

Other millionaires and billionaires living in the U.K., including Queen Elizabeth and François-Henri Pinault, saw their fortunes shrink due to COVID-19.

The opening of the Bourse de Commerce, renovated by Tadao Ando, has been postponed until spring 2021 due to the coronavirus crisis.

Kering chairman and chief executive officer François-Henri Pinault will take a 25 percent pay cut from April until the end of the year. 

The donation will benefit health-care organizations in Italy’s Lombardy, Veneto, Tuscany and Lazio regions.

“I still feel in debt with Florence and everything this city and its region have brought to us,” Pinault said, accepting the Fiorino d’Oro award.

The Kering ceo said companies should not be afraid to “take bold public positions on certain very important societal topics.”

In an open letter to his peers across sectors, the executive calls for collective action, urging corporate accountability and responsibility.

The brand, founded in 2014, revised the schedule of its collections to meet retailers’ requests.

The new award underscores China’s outsized importance as the largest producer and consumer for the fashion industry.

The connected founder of e-commerce company Fancy is looking to build a community around comic books and see where it takes him.

Revenues at the Italian label increased by 12.7 percent on a comparable basis in the three months to June 30, below consensus estimates.

“We will not be following suit,” said Antoine Arnault, signaling a rift between the two partners in the model charter launched in 2017.

Kering chief financial officer Jean-Marc Duplaix blamed a number of factors for the U.S. slowdown.