Articles by AFP
Richemont chairman hopeful of negotiated solution on US tariffs
Zurich - Richemont chairman Johann Rupert expressed optimism for a negotiated solution regarding US tariffs on Swiss goods. He stated on Wednesday that the luxury group remains "well-positioned" for the long term. "I am in contact with the Swiss government and the heads of the negotiations in the US", Rupert said at the annual general meeting in...
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Kering: Luca de Meo promises swift, "clear and strong" choices to "streamline, reorganise, reposition" certain brands
"The current situation reinforces our determination to act without delay", stated Luca de Meo on Tuesday at the Kering shareholders' meeting, which is to validate his appointment as the group's new chief executive officer. "This will require clear and strong choices." He emphasised the need "to continue deleveraging and, where necessary,...
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Giorgio Armani's funeral to be held privately on Monday
Rome - Italian fashion designer Giorgio Armani, who passed away on Thursday at the age of 91, will be laid to rest on Monday afternoon in a private ceremony in a town in northern Italy. Local authorities made the announcement. "Armani's private funeral will be held in the small church of San Martino, in the medieval village of Rivalta", about 62...
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Venice Film Festival: A red carpet pulpit for 'King Giorgio' Armani
For decades, the red carpet of the Venice Film Festival was one of Giorgio Armani's most high-profile catwalks, with the stars of cinema donning his elegant creations for the eyes of the world. With the death on Thursday, at age 91, of Italy's most famous fashion designer, the prestigious festival on the sandy Lido closes a long chapter, marked...
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Independence, informality...and a touch of tradition: Watchmaking's easygoing get-together
A major summer rendezvous for watchmakers got underway in timely Swiss fashion in a nautically themed pavilion. Boasting a brand new format and varied programme, Geneva Watch Days is a recent addition to the industry calendar determined to stay fresh and forward-looking. Founded as a one-off antidote to the economic blues of the Covid-19...
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Printemps president Jean-Marc Bellaiche to step down
Paris - Jean-Marc Bellaiche, president of department store chain Printemps since 2020, will leave the group in mid-September. The company confirmed the news to FashionNetwork and told AFP it is searching for a successor. Mr Bellaiche, 55, has chosen not to renew his term, which expires on September 15, for personal reasons. The company noted...
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Japanese designer Soshi Otsuki named LVMH Prize winner
Paris - Japanese designer Soshi Otsuki has been awarded the 12th annual LVMH Prize, an award that recognises promising young fashion designers. Otsuki received the top prize of 400,000 euros at the Fondation Louis Vuitton in Paris from Indian actress Deepika Padukone. A specialist in tailoring, Otsuki launched his menswear label, Soshiotsuki, in...
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France urges EU to delist non-compliant ecommerce platforms
Paris - The French government is urging the European Commission to swiftly adopt new powers that would allow it to "delist" online sales platforms that violate EU laws. According to a letter from Minister Véronique Louwagie, obtained by AFP, this measure is primarily aimed at companies like Shein. Louwagie wrote to European Commissioner for...
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LVMH in talks to acquire French business magazine Challenges
Paris - Discussions are underway for the potential sale of the French business magazine Challenges to the luxury group LVMH. According to Pierre-Henri de Menthon, the magazine's editor-in-chief, negotiations are scheduled to take place in September between the Arnault family, who own LVMH, and Challenges' majority shareholder, Claude Perdriel....
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Sofia Coppola's 'love letter' to Marc Jacobs, presented in Venice
Venice - The Venice Film Festival welcomed one of fashion's biggest names on Tuesday, Marc Jacobs, the subject of a documentary by Sofia Coppola dedicated to her friend's creative process. "Marc by Sofia", unveiled as a world premiere out of competition, offers an intimate look at Jacobs, with whom the director of "Lost in Translation" and...
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