The campaign aims to expand funding of nonprofit organizations addressing the increase of gender-based violence during the coronavirus pandemic.
Footfall was down, but conversion rates were up as shoppers released pent-up demand for kid’s clothes, homewares and sporting goods.
Other millionaires and billionaires living in the U.K., including Queen Elizabeth and François-Henri Pinault, saw their fortunes shrink due to COVID-19.
This issue helps Kering diversify its sources of financing and enhances its funding flexibility, said the group.
LVMH, Kering, Richemont and L’Oréal are making hundreds of global debuts in the city as it steadily recovers from the COVID-19 lockdown.
The Italian luxury house’s latest ad campaign features a range of animals it is helping protect with The Lion’s Share Fund.
The French fashion house will not present its collections in any of the preset schedules of 2020 as it adapts to the coronavirus crisis.
The lab is based on the Kering watchmaking campus in La Chaux-de-Fonds, and will focus on carbon, steel and recycled materials.
The group plans “drastic” cost cuts at its brands, as two-thirds of its stores remained closed as of last week.
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.
Louis Vuitton hopes to produce 100,000 masks a week for use by its staff and nearby retirement homes during the coronavirus crisis.