Sources indicate that Blazy will take on the role of creative director at Chanel.
As the global luxury slowdown continues to choke sales at the biggest luxury labels.
Overall, Kering’s sales were down 11% in the six-month period.
As Gucci’s sales plunge amid economic headwinds and new leadership.
The luxury conglomerate’s market capitalization declined by approximately €7.9 billion EUR, as Gucci sees steep sales declines in key markets.
The multinational luxury conglomerate saw sales decline by 6% in the fourth quarter of last year.
Gucci, the group’s largest brand, saw sales fall by 14% at reported exchange rates.
Seán McGirr’s appointment at Alexander McQueen sparked a bigger conversation about diversity at Kering and by extension, the rest of the industry.
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By investing in local manufacturers and producers.
The longstanding label hit upwards of $273 million USD in revenue over the past year.
Expressing “ageless wear.”
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