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For years, Marco Bizzarri was one of the most well-known and respected executives in the global luxury business. Bald and boldly suited, he was the architect behind the meteoric success of Gucci, the largest fashion brand in the stable owned by the French group Kering, which also includes Balenciaga, Bottega Veneta and Saint Laurent. The news was buried in the third paragraph of a memo Kering released that outlined a major organizational shake-up as François-Henri Pinault, the chairman and chief executive, tries to write a new chapter for the fortunes of Gucci and the conglomerate. In the same announcement, Kering said Francesca Bellettini, the chief executive of Yves Saint Laurent, would become the conglomerate’s deputy chief executive for brand development, a promotion that will require all Kering brand chief executives to report to her and make her one of the most powerful women in the luxury industry. Jean-Marc Duplaix, Kering’s chief financial officer, will also become a deputy chief executive, overseeing operations and finance.

Persons: Marco Bizzarri, Gucci, Saint Laurent, Alessandro Michele, Bizzarri’s, Kering, Henri Pinault, Francesca Bellettini, Yves Saint Laurent, Jean, Marc Duplaix Organizations: Saint, Gucci Locations: Bottega Veneta

[1/2] Cars are shown lined up at the valet parking area outside the Creative Artists Agency building in Los Angeles, California, September 24, 2012. REUTERS/Jonathan AlcornJuly 14 (Reuters) - Creative Artists Agency (CAA) is in advanced talks to sell a majority stake to French billionaire Francois-Henri Pinault in a deal that could value the Hollywood talent agency at over $7 billion, according to a person familiar with the matter. CAA did not immediately respond to a request for comment, and spokespeople for Pinault and for TPG declined to comment. In 2021, CAA announced a deal to buy major Hollywood rival ICM Partners. Bloomberg first reported the talks between Pinault and CAA.

Persons: Jonathan Alcorn, Francois, Henri Pinault, Pinault, Kering, Salma Hayek, Tom Hanks, Zendaya, Steven Spielberg, Ariana Grande, Beyonce, Gursimran Kaur, Jyoti Narayan, Rishabh, Muralikumar Anantharaman, John Stonestreet Organizations: Creative Artists Agency, REUTERS, Hollywood, Gucci, TPG, CAA, ICM Partners, Bloomberg, Thomson Locations: Los Angeles , California, Los Angeles, Pinault, Bengaluru

☆ 17 Looks That Did the Most at the Met Gala
▼ + stars: | 2023-05-02 | by ( The Styles Desk | ) www.nytimes.com time to read: +1 min

The guest list for the first Monday in May, as the Met Gala is also known, serves as a Rorschach test for whom Anna Wintour deems important, circa now. Many guests wore black and white or suits and gowns embellished with pearls or flowers — favorite motifs of Mr. Lagerfeld. Doja Cat and Jared Leto each paid homage to Choupette, Mr. Lagerfeld’s feline friend. There were many wonderful dresses that paid respect to Mr. Lagerfeld’s legacy — in fact, there were too many to name. So here’s a reminder: The looks that follow did the most at the Met Gala — not necessarily the best, not necessarily the worst, just the most.

☆ Bernard Arnault, the world's richest person, was nicknamed the 'wolf in cashmere' by rivals because of his predatory takeover moves. His company just hit a $500 billion valuation.
▼ + stars: | 2023-04-29 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +4 min

Bernard Arnault is head of luxury giant LVMH and the world's richest person worth $206 billion. He earned the nickname the "wolf in cashmere" because of his ruthless moves to acquire rivals. It's enabled him to create the world's largest luxury conglomerate, which was valued at $500 billion this week. "Arnault is a man of great vision," Pierre Mallevays, former head of acquisitions at LVMH, previously told The Guardian. It was during his pursuit of Hermès International that he earned the nickname of the "wolf in cashmere."

☆ Meet François-Henri Pinault, the billionaire who's married to Salma Hayek and runs the luxury-goods empire that owns Gucci and Balenciaga
▼ + stars: | 2023-03-25 | by ( Avery Hartmans | ) www.businessinsider.com time to read: 1 min

"It was funny and dramatic and surreal," Pinault told The New York Times' T Magazine when describing taking over the company. "I knew it was coming, but I never expected it to happen so fast. I was still only 40 years old, and my father was 66 and in great shape, full of plans for PPR. But he had seen too many omnipotent fathers and what they did. Source: T Magazine

☆ Giambattista Valli fills fall runway show with tweeds at Paris Fashion Week
▼ + stars: | 2023-03-03 | by ( Mimosa Spencer | ) www.reuters.com time to read: +2 min

[1/5] A model presents a creation by designer Giambattista Valli as part of his Fall-Winter 2023/2024 Women's ready-to-wear collection show during Paris Fashion Week in Paris, France, March 3, 2023. REUTERS/Sarah MeyssonnierPARIS, March 3 (Reuters) - Giambattista Valli switched things up for his fall runway show at Paris Fashion Week, taking a step back from his signature, airy floral styles to focus on tweeds, which he also offered for men. The show opened with a black, sleeveless jumpsuit cinched at the waist with a gold belt, and worn over a white t-shirt. Further shaking the fabric from its traditional twin-set role, Valli worked the material into long overcoats, loose jackets, mini-dresses and a bright, red jumpsuit. Popular with the red carpet set, and known for voluminous, tulle dresses, Valli broadened his fan base with a collaboration with H&M in 2019.

"Magic Mike's Last Dance" is now available to watch from the comfort of your living room. You can buy "Magic Mike's Last Dance" for $25 or rent it for $20 from digital retailers like Amazon. Check out the trailer for 'Magic Mike's Last Dance'"Magic Mike's Last Dance" stars Channing Tatum, Salma Hayek Pinault, Ayub Khan Din, Jemelia George, and Juliette Motamed. Where to watch 'Magic Mike's Last Dance'"Magic Mike's Last Dance" is now available to watch at home through streaming retailers like Prime Video, Vudu, and Apple TV. If you buy "Magic Mike's Last Dance," you can stream it whenever you like with no restrictions.

☆ New Gucci designer has big sneakers to fill
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +2 min

MILAN, Jan 30 (Reuters Breakingviews) - Gucci’s new creative head Sabato De Sarno is stepping onto a wobbly catwalk. François-Henri Pinault’s conglomerate Kering (PRTP.PA) on Saturday picked the 39-year-old from smaller fashion house Valentino to lead its biggest brand and succeed star designer Alessandro Michele, who left abruptly in November. Michele’s daring designs, which he applied lavishly on anything from shirts to sneakers, helped Gucci sales shoot up to nearly 10 billion euros in 2019. But at around 10.5 billion euros in 2022, Gucci sales are expected to have risen only 10% since then. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Saint Laurent opens Paris Fashion Week with chic evening wear for men
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +1 min

[1/5] A model presents a creation by designer Anthony Vaccarello during his Menswear ready-to-wear Fall/Winter 2023-2024 collection show for fashion house Saint Laurent as part of Men's Fashion Week in Paris, France, January 17, 2023. REUTERS/Benoit TessierPARIS, Jan 17 (Reuters) - French luxury house Saint Laurent kicked off Paris Fashion Week's menswear shows Tuesday night with a sleek lineup of sharply tailored evening looks for men, drawn up by designer Anthony Vaccarello. Models strode on pointy, heeled boots, their turtlenecks pulled up high, while tightly cinched overcoats were worn with the collars turned up. She continued to play as Vaccarello walked out for his bow, prompting a burst of applause and cheers from the audience. Paris Fashion Week's menswear collections run through Jan. 22, and will feature shows from high-end labels including Louis Vuitton, Dior Homme, Givenchy, Hermes and Maison Margiela.

☆ How billionaire François Pinault built a luxury empire that owns Gucci and Balenciaga, battled Bernard Arnault and won, and became one of France's richest people in the process
▼ + stars: | 2023-01-02 | by ( Marissa Perino | Avery Hartmans | ) www.businessinsider.com time to read: 1 min

Pinault was born in 1936 in Brittany, France. As a 7-year-old during the Nazi occupation, Pinault used to bring food to Allied soldiers hidden near his family's home. Legend has it that German forces once beat Pinault and his father to try to get them to talk, but even as a child, he wouldn't give up their location. US soldiers traveling through Brittany, France, in August 1944. Photo12/Universal Images Group via Getty ImagesSource: The Guardian

☆ Investing in Space: Moon rising
▼ + stars: | 2022-12-01 | by ( Michael Sheetz | ) www.cnbc.com time to read: +2 min

The view of the moon and the Earth from the Orion capsule on Nov. 28, 2022..CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Even one of the more difficult stories of this year – the bankruptcy of Masten – was largely about the moon. With NASA's Orion beaming back stunning images of our planet as it whipped by the moon, I spoke to Airbus Ventures partner Lewis Pinault. The next couple years should see a variety of spacecraft and robots sent to the moon. However the future shakes out, it's clear a lunar economy is no longer fiction.

☆ Analysis: Out of fashion: Gucci faces daunting task to replace top designer
▼ + stars: | 2022-11-25 | by ( Mimosa Spencer | ) www.reuters.com time to read: +5 min

[1/4] Gucci's designer Alessandro Michele arrives at the "Green carpet Fashion Awards" event during the Milan Fashion Week in Milan, Italy, September 24, 2017. Tensions had been high between the designer and company management, sources told Reuters. Kering chairman and CEO François-Henri Pinault lauded the designer's tenure as "an outstanding moment" in Gucci's history. Gucci falls out of fashionFURRY LOAFERSMichele, 49, reinvigorated the brand with his eccentric, gender-fluid styles popular with younger shoppers. China generates around 35% of Gucci's annual sales, according to Barclays estimates, compared to 27% for LVMH's fashion and leather goods division and 26% for Hermes.

☆ Gucci designer’s exit boosts Kering’s M&A urgency
▼ + stars: | 2022-11-24 | by ( Lisa Jucca | ) www.reuters.com time to read: +3 min

MILAN, Nov 24 (Reuters Breakingviews) - The abrupt departure of star Gucci designer Alessandro Michele on Wednesday is putting French luxury boss François-Henri Pinault on the spot. The Italian brand, Kering’s (PRTP.PA) largest, has been a money-spinner for the 68 billion euro French conglomerate. Gucci revenue nearly trebled to 9.6 billion euros between 2014 and 2019. Reuters GraphicsFollow @LJucca on TwitterCONTEXT NEWSKering’s top brand Gucci said on Nov. 23 Creative Director Alessandro Michele had stepped down. Under Michele’s creative leadership, Gucci sales grew nearly three times from 2014 to 9.6 billion euros in 2019, one of the best performing brands in the luxury world.

☆ Tom Ford return offers remedy for Gucci fatigue
▼ + stars: | 2022-11-04 | by ( Lisa Jucca | ) www.reuters.com time to read: +3 min

MILAN, Nov 4 (Reuters Breakingviews) - Tom Ford’s return to the realm of Gucci owner Kering (PRTP.PA) would add some much-needed sparkle. Bringing Tom Ford himself on board could even help revitalise it. Tom Ford offers diversification at a reasonable valuation. Sales of Tom Ford Beauty’s cosmetics and fragrances grew at a double digit rate in the third quarter, according to Vogue Business. In August, the Wall Street Journal reported that beauty giant Estée Lauder was looking to buy Tom Ford for $3 billion.

☆ 22 мая в Париже откроется коллекция французского миллиардера Франсуа Пино
▼ + stars: | 2021-05-18 | by ( Mld Media Srl | ) noi.md time to read: +2 min

Впечатляющая коллекция искусства, наконец, обзавелась собственным домом в Париже: музей вот-вот откроется в здании бывшей Торговой биржи. Потом она плавно превратилась в цель, а сегодня наконец-то стала реальностью», – с улыбкой рассказывает о новом музее Pinault Collection основатель компании Kering и один из самых богатых и влиятельных людей Франции Франсуа Пино. Сегодня в собрании Франсуа Пино, оцениваемом в 1,5 миллиарда евро, хранится около 10 тысяч работ, большинство из которых было создано не раньше 1960 года. Когда 40 лет назад Пино только начинал интересоваться искусством, то пробовал покупать работы и художников первой половины ХХ века. Публике покажут произведения 35 художников, каждое из которых Пино утверждал лично: весь декабрь 84-летний миллиардер, как на работу, приезжал в музей и контролировал развеску картин.

Persons: Франсуа Пино, Пино, Анн Идальго Organizations: Торговая биржа, Центр Жоржа Помпиду, Биржа Locations: Париж, Франция, Лувр, Сеген, Медичи

☆ François Pinault just gave $109 million to help rebuild the Notre-Dame. Meet the French billionaire who owns Christie's and founded the luxury giant behind Gucci.
▼ + stars: | 2019-10-01 | by ( Marissa Perino | Taylor Nicole Rogers | ) www.businessinsider.com time to read: 1 min

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