#kering sa

[youthchronical]

Kering shares plunge 10% after Demna Gvasalia named as Gucci's artistic director

A Gucci store, operated by Kering SA, in the Sanlitun area of Beijing, China, on Saturday, Oct. 12, 2024.  Bloomberg | Bloomberg | Getty Images Shares of Kering plunged on Friday after the company announced that Demna Gvasalia would take the reins as new artistic director of its ailing Gucci fashion line. Gvasalia, who joins from Balenciaga, replaced Sabato De Sarno, whose departure was…

Kering shares plunge 10% after Demna Gvasalia named as Gucci's artistic director

[micdousmi]

Kering to Sell Italian Shoemaker Sergio Rossi to Private Equity Firm

Kering to Sell Italian Shoemaker Sergio Rossi to Private Equity Firm

The French luxury goods group agreed to the deal with Investindustrial after making it clear in February that it was looking for a buyer.

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[ihuxiu]

Alibaba to Fight Lawsuit Against Gucci in New York

Alibaba on Monday said the allegations made by leading global luxury retailers that it had turned a blind eye to counterfeiters has "absolutely no basis" and that it would fight the lawsuit filed against it in New York court.

The lawsuit was filed in a federal court in New York by Kering SA, the owner of luxury brands like Gucci and Yves Saint Laurent, on Friday. It alleged that Alibaba had conspired to manufacture, offer for sale and traffic in counterfeit products bearing their trademarks without permission, said a Reuters report.

It was the second time in less than a year that Kering is suing Alibaba over the alleged sale of fake goods. Alibaba and Kering had reached a resolution on a suit filed in July 2014.

"We continue to work in partnership with numerous brands to help them protect their intellectual property, and we have a strong track record of doing so. Unfortunately, Kering has chosen the path of wasteful litigation instead of the path ofconstructive cooperation," Alibaba said in a statement vowing to fight the charges "vigorously".