Kering, one of the largest luxury groups on the planet, has made financial commitment to fight racism, with contributions to the NAACP and to Campaign Zero – following eight days of protests in multiple American cities.
Kering, the world’s second largest luxury conglomerate, has decided to postpone its annual shareholders meeting, the latest major publicly quoted company in fashion to delay its ASM in the wake of coronavirus.
The news published by Bloomberg about a possible takeover of the down jacket label by the French luxury group fuelled plenty of speculations. FashionNetwork.com analyses the operation’s potential impact.
Last year, Kering was in divestment mode (Puma, Stella McCartney, Christopher Kane), but the luxury group said it is ready to go ahead with new acquisitions in 2019, without however identifying its targets.