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☆ Kakao can end K-pop saga with near-$1 bln mic drop
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +2 min

Kakao and its entertainment arm are eyeing a 35% stake in SM via a tender offer worth $962 million. If Kakao succeeds, the company, which has the backing of SM's management, would become the label's top shareholder. Kakao Entertainment in January raised $930 million from investors including GIC in Singapore and Saudi Arabia's Public Investment Fund. The envisioned partnership between Kakao, Kakao Entertainment and SM would cover global distribution, production and more for music and other content. Following Kakao's offer, SM Shares rallied 14% to 148,400 won ($114); they have nearly doubled since the start of the year.

☆ Horses on the catwalk: Stella McCartney pushes leather-free style
▼ + stars: | 2023-03-06 | by ( Mimosa Spencer | ) www.reuters.com time to read: +2 min

[1/2] Models present creations by designer Stella McCartney as part of her Fall-Winter 2023/2024 Women's ready-to-wear collection show during Paris Fashion Week in Paris, France, March 6, 2023. REUTERS/Sarah MeyssonnierPARIS, March 6 (Reuters) - Stella McCartney drove home her leather-free fashion message by sending a team of horses to canter alongside models wearing styles crafted from new, eco-conscious materials. "I just really want to show everyone in the world - and the world of fashion - that you don't really need to do that," she said. At the show in the Ecole Militaire stables in Paris, seven horses, guided by their trainer, Jean-Francois Pignon, performed individually and in formation. LVMH owns a minority stake in the label and McCartney serves as environmental adviser to the entire luxury group.

☆ Louis Vuitton shows playful, French styles at Musee d'Orsay in Paris
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +2 min

[1/5] A model presents a creation by designer Nicolas Ghesquiere as part of his Fall-Winter 2023/2024 Women's ready-to-wear collection show for fashion house Louis Vuitton during Paris Fashion Week in Paris, France, March 6, 2023. REUTERS/Benoit TessierPARIS, March 6 (Reuters) - Louis Vuitton (LVMH.PA) took to the Musee d'Orsay for its fall-winter catwalk show on Monday, sending a modern lineup of playful, sculptural looks down a slick, black runway designed to evoke a Paris street. Handbags were varied, including one fashioned to look like a typical blue Paris street sign, trimmed in green - with "Louis Vuitton" stamped in white letters. Paris Fashion Week, which features big-name fashion labels including LVMH-owned Dior, Kering SA-owned (PRTP.PA) Saint Laurent, Valentino and Chanel, winds up on Tuesday. Reporting by Mimosa Spencer in Paris Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Pierre Cardin returns to Paris Fashion Week with space age lineup
▼ + stars: | 2023-03-05 | by ( ) www.reuters.com time to read: +1 min

PARIS, March 5 (Reuters) - French label Pierre Cardin returned to the official Paris fashion week schedule for the first time in decades, sending out a colorful, off-beat lineup of styles that recalled its space age heyday. Attendants flashed spotlights on models as they made their way down the temporary runway, set up in the label's empty flagship store that is undergoing renovations. Seeking to spark interest in the label among younger crowds, Basilicati Cardin said he set up competitions to bring on talent from other countries, like Mexico and South Korea, for stints at the label. "My goal is to manage the label and bring it on track," he said, speaking to journalists after the show as he greeted guests including French singer Mireille Mathieu. Reporting by Mimosa Spencer; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

☆ Former NBA star Zach Randolph & Marcus 'Head' Howell on building NLess Entertainment and the rise of Moneybagg Yo
▼ + stars: | 2023-03-02 | by ( John Lynch | ) www.businessinsider.com time to read: +11 min

NLess Entertainment co-founders Zach Randolph and Marcus Howell spoke to Insider about the trajectory of their independent record label. After signing with NLess in 2016, Moneybagg Yo released his debut studio album, "Reset," and steadily built momentum with each subsequent LP. "Man, staying in the studio," Howell reinforced. "Bagg work hard. I asked Randolph and Howell what separates Memphis from the rest of the US in their minds.

☆ Fendi kicks off Milan fashion week with deconstructed suits
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +2 min

MILAN, Feb 22 (Reuters) - Milan kicked off its leg of the month-long catwalk calendar on Wednesday, with Italian luxury label Fendi deconstructing masculine tailoring at its womenswear fashion show. Milan Fashion Week follows New York and London events in which designers have been presenting their creations for autumn/winter 2023-2024. At Fendi, designer Kim Jones added pleated skirt aprons and trains to tailored trouser suits as well as shoulder-baring sleeves to waistcoats. Milan Fashion Week will host more than 50 catwalk shows, including by big names such as Giorgio Armani, Prada, Gucci and Dolce & Gabbana, over the next few days, wrapping on Feb. 27. Reporting by Elisa Anzolin and Marie-Louise Gumuchian, Writing by Marie-Louise Gumuchian; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

[1/2] A man looks at a window display outside a Gucci store, part of the Kering group, at Tsim Sha Tsui shopping district in Hong Kong January 17, 2013. But while Gucci, which accounts for the bulk of profits and revenues at Kering, was the only brand to post a fall in sales, analysts said other labels too posted lower-than-forecast results. Kering said sales fell by 15% in North America in the fourth quarter and by 19% in Asia Pacific. But the situation has been more complicated for Kering, since Gucci relies more heavily on China than competitors. LVMH's fashion and leather goods division, home to Louis Vuitton and Dior, grew sales by 10% over the fourth quarter.

PARIS, Feb 14 (Reuters) - LVMH (LVMH.PA) top label Louis Vuitton said on Tuesday it has hired Pharrell Williams to head artistic direction of its menswear designs, tapping a popular figure from the music industry to fill the high-profile position left vacant since the passing of star designer Virgil Abloh over a year ago. "Louis Vuitton is delighted to welcome @Pharrell as its new Men’s Creative Director", Louis Vuitton said in a tweet, confirming earlier reports from the Wall Street Journal and the French daily Le Figaro. loadingWilliams' first collection for the label will be shown in June during Men's Fashion Week in Paris, the brand added. Williams rose to fame in the music business as a producer and singer with hits including "Happy" and "Blurred Lines." "Happy," written for the animated movie "Despicable Me 2," earned Williams one of his two Oscar nominations.

☆ Why retailers send your like-new returns to rot in landfills
▼ + stars: | 2023-02-08 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +7 min

Not all retailers are environmentally focused, "so things end up being thrown away because of the cost," he said. If consumers want to avoid contributing to landfills with their returns, there are a few things to keep in mind. Luxury brands, too, are more likely to trash returns to avoid products ending up in secondary markets and tarnishing the label's value. Retailers are investing more in returns technology, services, and other advanced strategies as returns volumes grow. Consolidation strategies used by Amazon and other major retailers cut down on shipping costs by pooling returns together at stores.

Click on Settings > Labels > Create New Label > Save. Gmail uses labels instead of folders to organize emails, but labels function similarly to folders. Abigail Abesamis Demarest/InsiderQuick tip: You can also create a label from an email by clicking the Labels icon, then Create new. How to create a folder in Gmail on iPhoneUnfortunately, folders cannot be created on the Android app for Gmail. In your Gmail inbox on desktop,click the gear-shaped Settings icon at the top-right of the screen, then select See all settings.

☆ Gucci's challenge: reigniting heat while boosting timeless appeal
▼ + stars: | 2023-01-30 | by ( Mimosa Spencer | ) www.reuters.com time to read: +4 min

PARIS, Jan 30 (Reuters) - Sabato De Sarno, newly appointed by Kering (PRTP.PA) to reinvigorate its prized Gucci brand, needs to spark heat with a new direction, analysts say - a delicate task, given the emphasis executives have also put on the label's timeless appeal. De Sarno, a senior fashion designer from Valentino, is tasked as creative director with reviving the fortunes of the brand that accounted for two-thirds of Kering's profits in 2021. Analysts welcomed Kering's choice of a seasoned but relatively unknown designer, noting that previous creative director Michele did not have a public profile when he was appointed in 2002. His experience at Valentino suggests a "less eccentric aesthetic" than Gucci's previous designer, noted Carole Madjo of Barclays. The designer rose through Valentino's ranks after his arrival in 2009 to become fashion director overseeing both the men's and women's collections, working closely with chief designer Pierpaolo Piccioli.

PARIS, Jan 28 (Reuters) - French luxury goods group Kering (PRTP.PA) has appointed Sabato De Sarno, a senior fashion designer at Valentino, as creative director of its top brand Gucci, it said on Saturday. "I am touched and excited to contribute my creative vision for the brand.”He will present his debut Gucci runway collection at Milan Women's Fashion Week in September 2023. Gucci CEO Marco Bizzarri said that having worked with a number of Italy's most renowned luxury fashion houses, De Sarno "brings with him a vast and relevant experience." "Gucci - and the Kering shareholders - need courage and an original point of view." "The eyes of the world will be on him to see if he also has the required creative genius."

☆ Capri names insider Cedric Wilmotte as CEO of Michael Kors
▼ + stars: | 2023-01-23 | by ( ) www.reuters.com time to read: +1 min

Jan 23 (Reuters) - U.S. luxury group Capri Holdings Ltd (CPRI.N) on Monday named company veteran Cedric Wilmotte as the chief executive officer of its Michael Kors brand. Wilmotte, 48, who will take charge from April 3, recently served as the interim CEO of the group's Versace brand and is currently the label's chief operating officer. He previously led Michael Kors' EMEA (Europe, Middle East, Africa) business from 2008 to 2021. In March, Capri said the head of its Michael Kors brand, Joshua Schulman, who was set to become the group's top boss later in the year, would exit. Schulman was named Michael Kors' chief executive in August 2021.

☆ Rosalia performs in Louis Vuitton catwalk show at Paris Fashion Week
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +1 min

[1/7] Singer Rosalia performs during Louis Vuitton Menswear ready-to-wear Fall/Winter 2023-2024 collection show as part of Men's Fashion Week in Paris, France, January 19, 2023. REUTERS/Sarah MeyssonnierPARIS, Jan 19 (Reuters) - Louis Vuitton switched up the traditional fashion runway format with a performance from Spanish singer Rosalia taking centre stage at the label's menswear show in Paris on Thursday. Rosalia opened the live event for the LVMH-owned (LVMH.PA) fashion house, emerging from a darkened set wrapped in a puffy white jacket and loose jogging pants, sunglasses wrapped around her face. Models filed past, wearing long jackets with crisp lapels, clutching shiny bags, their looks topped off with curved bucket hats and baseball caps. The world's largest fashion label last week named Pietro Beccari CEO, replacing industry veteran Michael Burke.

PARIS/MILAN, Jan 13 (Reuters) - Gucci kicked off Milan fashion week on Friday with a lineup of slouchy, androgynous menswear styles, forging ahead with its latest collection while the industry waits for owner Kering (PRTP.PA) to name a new designer for the label. The question of who will steer Gucci's creative direction loomed over the megabrand's first men's show in the Italian fashion capital in three years. Events run through Jan. 17, drawing an audience that includes major retail buyers sizing up which styles might be future top sellers. Gucci held back on marketing investments during the pandemic, while larger rival LVMH's two biggest labels Louis Vuitton and Dior pushed ahead, a move that analysts say helped them gain ground on rivals. Despite the current turbulence at Kering, however, expectations are high given the group's strong track record nurturing brands, analysts say.

☆ Major central bankers dispute role in tackling climate change as they battle inflation
▼ + stars: | 2023-01-11 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Federal Reserve Board Chairman Jerome Powell holds a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Building in Washington, U.S., December 14, 2022. Evelyn Hockstein | ReutersLONDON — Divisions are forming among the world's most influential central banks over their role in tackling climate change, as policymakers focus on reining in inflation. U.S. Federal Reserve Chairman Jerome Powell told a conference hosted by Sweden's central bank on Tuesday that the Fed would not become a "climate policymaker" or get involved in matters beyond its congressionally established mandate. The surge in inflation and rising interest rates have derailed the plan to redirect ECB corporate bond holdings towards greener assets in support of the energy transition. The central bank has been forced to stop its bond purchases, as it looks to shrink its balance sheet.

☆ LVMH names new Louis Vuitton CEO, puts Arnault daughter in charge of Dior
▼ + stars: | 2023-01-11 | by ( Mimosa Spencer | ) www.reuters.com time to read: +5 min

Pietro Beccari, who has been the head of Dior since 2018, is moving to replace long-time Louis Vuitton CEO Michael Burke, 65. Delphine Arnault, 47, has worked at Louis Vuitton for the past decade alongside Burke and previously spent a dozen years at Dior. [1/2] Bernard Arnault, CEO of LVMH Moet Hennessy Louis Vuitton SE, and Delphine Arnault, Executive Vice President of Louis Vuitton, leave after the Spring/Summer 2020 collection show for fashion house Louis Vuitton during Men's Fashion Week in Paris, France, June 20, 2019. Alexandre Arnault, 30, is in charge of products and communication at Tiffany, while Frederic Arnault, 28, is CEO of another group brand, TAG Heuer. The youngest child, Jean Arnault, 24, heads marketing and product development for Louis Vuitton's watches division.

☆ Balenciaga designer, CEO apologize for ad campaign featuring children
▼ + stars: | 2022-12-02 | by ( ) www.reuters.com time to read: +2 min

The storm over the campaign led reality television star Kim Kardashian to review her ties with the label. Separately, the Kering (PRTP.PA)-owned label issued a statement signed by CEO Cedric Charbit outlining new internal processes, including naming an "image board" to evaluate content. A second, separate campaign for the label's spring 2023 collection, set in an office, included papers featuring text from a 2008 Supreme Court ruling relating to child pornography. In a statement earlier this week, Balenciaga apologized and said that investigations into the ad campaigns were ongoing. It said the papers featuring the legal text on child pornography were props from a third party and that it had filed a complaint against the inclusion of the "unapproved documents."

☆ 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.

☆ How TikTok is changing the music industry
▼ + stars: | 2022-11-25 | by ( Dan Whateley | ) www.businessinsider.com time to read: +15 min

TikTok is an essential promotional tool for music artists and record labels. Watch a full replay of Insider's webinar on TikTok's impact on the music industry, featuring execs from TikTok, Universal Music Group, and UnitedMastersFor some, the hyper-focus on TikTok can be draining. "The argument from TikTok's side is TikTok is now so important to the music industry that they can't afford to not have their music on the platform." Read more about the 'complicated' and codependent relationship between TikTok and music rights holdersBut the industry's attention on TikTok isn't unfounded. Read about why TikTok music marketers are turning to general-interest accounts to promote songsCreating TikTok music challenges to spark user-generated videosAnd some marketers are opening the door for social-media users who wouldn't traditionally be considered influencers to get paid to promote music.

☆ Kering shares up on report company seeks to buy Tom Ford
▼ + stars: | 2022-11-04 | by ( Mimosa Spencer | ) www.reuters.com time to read: +3 min

PARIS, Nov 4 (Reuters) - Shares in Gucci-owner Kering (PRTP.PA) rose in early Friday trading following a report the French luxury goods company is in advanced talks to buy U.S.-based fashion label Tom Ford. Shares were up 2.4% in morning trade, after the Wall Street Journal on Thursday reported the company was the front runner for a deal, with rivals including Estee Lauder (EL.N). "The logic is compelling," said Piral Dadhania of RBC, of such a deal, citing Tom Ford's past as creative director of Kering labels Gucci and Yves Saint Laurent in the nineties and into the early 2000s, as well as the label's high positioning. Kering, which has been bulking up its eyewear division, recently purchasing U.S. label Maui Jim, has also signalled interest in expanding into beauty. With few financial details available on Tom Ford's label, some analysts were cautious.

☆ New Gucci head in China to lay out strategy soon to revive sales
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: 1 min

PARIS, Oct 20 (Reuters) - Gucci's new chief in China will lay out his strategy to revive the label's sales in the key Asian market in the next few weeks, the finance chief of parent company Kering said on Thursday. Gucci sales in China were negative in the third quarter, Kering said, without giving a precise figure. Gucci announced the appointment of Laurent Cathala, previously a top executive at U.S. jeweller Tiffany & Co for emerging markets, as its new president of Greater China fashion business in April. Register now for FREE unlimited access to Reuters.com RegisterReporting by Silvia Aloisi, editing by Mimosa SpencerOur Standards: The Thomson Reuters Trust Principles.

To create and edit folders in Gmail, go to the Labels section in Settings. Click on Settings > Labels > Create New Label > Save. Gmail uses labels instead of folders to organize emails, but labels function similarly to folders. In the Labels tab, scroll down to the Labels section and click Create new label. Abigail Abesamis Demarest/InsiderQuick tip: You can also create a label from an email by clicking the Labels icon, then Create new.

☆ Berry Gordy, Smokey Robinson to be honored as MusiCares persons of the year
▼ + stars: | 2022-10-20 | by ( Danielle Broadway | ) www.reuters.com time to read: +2 min

Oct 20 (Reuters) - Motown icons Berry Gordy and Smokey Robinson will be honored by the music industry in Los Angeles ahead of the annual Grammy Awards as MusiCares 2023 persons of the year, the organization announced on Thursday. Berry Gordy, 92, and Smokey Robinson, 82, built the Motown record label in the 1960s and for several decades was the highest earning Black American record label, nicknamed Hitsville USA for its dozens of chart toppers. How honored I am to be named the MusiCares Persons of the Year, and together with my best friend of over 65 years, the great Smokey Robinson. I am honored that they have chosen me and my best friend and Motown founder Berry Gordy to share this beautiful honor and celebrate with you all together," he added. "MusiCares is thrilled to be honoring Berry Gordy and Smokey Robinson at the 2023 persons of the year gala, which will be the first time we are honoring two legends together,” Laura Segura, Executive Director of MusiCares, said in a statement.

☆ Dior takes baroque-theme to catwalk for Paris Fashion Week
▼ + stars: | 2022-09-27 | by ( Mimosa Spencer | ) www.reuters.com time to read: +2 min

A model presents a creation by designer Maria Grazia Chiuri as part of her Spring-Summer 2023 Women's ready-to-wear collection show for fashion house Dior during Paris Fashion Week in Paris, France, September 27, 2022. “I think she was the first that understood the power of fashion,” Chiuri told Reuters in an interview, describing how the 16th-century queen of France had introduced platform heels to raise her petite stature. Crowds gathered outside under umbrellas, angling for a glimpse of the celebrity arrivals, which included K-Pop star Jisoo, Natalie Portman and Maggie Gyllenhaal. The LVMH-owned label marked the second day of the ready-to-wear shows for Paris Fashion Week, which runs through Oct. 4. Register now for FREE unlimited access to Reuters.com RegisterReporting by Mimosa Spencer; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

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