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LVMH Chairman and CEO Bernard Arnault is expected to visit South Korea next week for the first time in three years.

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Adidas has released its second collection of the exclusive A-TYPE line, shifting to an all-black palette with luxury Italian-made sneakers and apparel priced up to $4,000 for a complete look.

Kering CEO Luca de Meo presented his 'ReconKering' strategy at the company's Capital Markets Day in Florence on Thursday, aiming to reposition the luxury group as a top challenger. The plan targets doubling the recurring operating margin to around 2030 and outperforming market sales growth. De Meo, who joined from Renault last year, highlighted recent challenges including flat first-quarter sales and Gucci's decline.

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LVMH announced first-quarter sales rose 1% organically to €19.12 billion. Fashion and leather goods sales fell 2% to €9.25 billion, better than the prior quarter but below expectations. The Middle East conflict impacted growth by about 1 percentage point.

 

 

 

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