Industry leaders gathered at The Pierre hotel in Manhattan for the WWD CEO Summit to discuss the consumer, the state of business and the challenges of the fashion calendar.
The market-beating performance helped propel Kering’s revenues up 10 percent in the third quarter to 3.18 billion euros, or $3.54 billion.
The company said the period was impacted by a lack of innovation and the failure to execute, as well as a highly promotional retail landscape.
Many credit professionals are expecting an announcement of an asset sale of some kind to alleviate liquidity concerns.
The former chairman has been reaching out to any private equity firm that might be a potential partner in a leveraged buyout of the $2.5 billion retailer.
H&M went for an “old East London” look in its latest campaign for David Beckham Bodywear, with photographer Josh Olins.
With its reputation for brand building and expertly managing creative talents, the luxury sector could be the next executive hunting ground.