France’s Rodez Commercial Court has declared the court-ordered liquidation of Tanneries Pechdo, marking the loss of one of the country’s few independent tanneries, its 33 jobs, and an industrial symbol of the Aveyron region.
Tanneries Pechdo
The ruling handed down on November 3 follows a lengthy safeguard procedure initiated before the court on December 11, 2024. The 5,000-square-metre industrial site in Aveyron had stood in the Plaine Coste area since 1900, and was awarded the Entreprise du Patrimoine Vivant (EPV) label ten years ago.
“We’re closing with a full order book,” manager Caroline Krug tells FashionNetwork, noting that the company had recovered after two difficult years, returning to €3 million in revenue. “And then, in mid-June, we had a fire — a dust collector, even though it was brand new, exploded. Production was halted for three weeks. And, for the first time in our history, we missed payments.”
Caroline Krug co-managed the company with the former owner from 2013, before taking full ownership in 2017. The company focused on fully integrated production, from French raw hides through to the finished product. It had notably specialised in technical leathers for personal protective equipment (PPE) for law enforcement, firefighters, and other professionals.
The manager says she has long been seeking a partner to support the company’s development, to no avail. “I think the future of tanneries in France is in the hands of the largest groups,” concedes the independent industrialist.
On the public-sector side, the manager mentions numerous meetings over the past year with ministers, generals, and legislators, with a view to securing a government order for the army via one of her clients. “There won’t be any French leather in it anymore,” ultimately laments Caroline Krug.
Tanneries Pechdo
The announcement of the liquidation prompted a reaction from across the industry, with messages of support posted on social media. This has left the manager of Tanneries Pechdo with a certain bitterness. “There are a lot of people who write to me very kindly and who are outraged, but they haven’t bought a single square metre from us for a very long time. Ultimately, a business runs on orders.”
Caroline Krug says she prefers to devote her attention to the company’s 33 employees, some of whom have worked at the tannery for 40 years. There is also concern for the company’s customers: “Some are at serious risk of closing because, without Pechdo, they no longer have their supply,” says the manager, who also points to the blow to Millau’s industrial heritage. “It’s quite a story, but you can’t just stay in history: you have to be able to carry it into the future,” laments the industrialist.
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Gucci owner Kering and private equity firm Ardian said on Tuesday they had completed a joint venture agreement for a New York property deal valued at $900 million.
Kering’s brands include Saint Laurent, Gucci, and Balenciaga – Reuters
Under the deal concluded earlier this year, Kering is contributing the property at 715-717 Fifth Avenue in New York to a newly created joint venture with Ardian, the companies said in a joint statement. Ardian will hold a 60% stake in this, with Kering retaining 40% and receiving $690 million in net proceeds.
The transaction is part of Kering’s broader strategy to secure control of high-profile retail locations while also raising cash. In January, Kering said it had transferred three of its Paris real estate assets to a new joint venture with Ardian, freeing up 837 million euros in proceeds.
“Like the investment agreement already signed in Paris, this transaction allows us to secure another long term highly prominent retail location for our houses while enhancing our financial flexibility,” said Kering chief operating officer Jean-Marc Duplaix, commenting on the New York Ardian deal.
London’s Selfridges continues to be the pop-up destination of choice in London’s West End (Harrods has that status in Knightsbridge) and one of the world’s best known labels will be there as of January.
Dior
Dior, which already has a strong presence in the London flagship will be unveiling its first pop-up boutique for its new summer 2026 creations inside the in-demand Corner Shop.
That’s important because it will celebrate the launch of Jonathan Anderson’s first collection.
Running from 8 January to 28 February, the unique space will “reveal a playful world like a waking dream”. The company said the summer 2026 menswear collection “breathes a certain spontaneity into the art of dressing, while the womenswear line radiates freshness, with leather goods presented alongside exquisite creations. An exceptional selection that expresses the reinvented essence of Dior”.
Dior is currently inviting customers to book appointments and said it will “extend the experience through a curated selection of exclusive events at the pop-up boutique”.
That includes notebook personalisation with “a nod to Versailles-style gilding, personalised detailing applied by an expert [that] promises to add a truly signature touch”. And there’s also bookmark calligraphy where visitors can add their initials to a bookmark, inspired by the newest Dior Book Tote designs by Anderson.
The news of the pop-up comes in the same week that Dior unveiled its super-sized flagship concept House of Dior Beijing. That five-storey space dwarfs the Selfridges space but underscores the ambitious plans LVMH has for the brand, the huge investment Dior is putting into its global growth and its targeting of key luxury markets.
Lululemon was making headlines last week as its CEO exited but it had more upbeat news on Sunday as Lewis Hamilton made a personal appearance at the Regent Street, London, flagship store to to celebrate the launch of The Lewis Hamilton Edit, a curated 36-piece capsule personally selected by the champion racing driver.
André Maestrini and Lewis Hamilton – Lululemon
Importantly too, joining Hamilton in-store for photos was Lululemon’s new interim co-CEO, André Maestrini, marking his first public appearance in the role and highlighting the company’s focus on innovation, as well as stressing that there’s no vacuum at the top of the company’s leadership tree.
Hamilton became a Lululemon ambassador earlier this year and made an unannounced appearance in the store.
Available exclusively at the Regent Street location and on the brand’s UK webstore, the Edit brings together Hamilton’s favourite menswear and womenswear pieces from the brand’s Winter 2025 collection — “each style chosen for its high performance and elevated aesthetic, all filtered through the distinctive personal style he’s renowned for”.
The appearance may have been unannounced but there were plenty of fans gathered outside to see him in a full look from the Edit as he greeted the crowd, signed autographs, and posed for photos.
The first 100 people in the queue also received Lululemon products signed by Hamilton and he was also helping staff style looks and wrap gifts behind the tills.
Such appearances are hugely important for stores at this time of year as they compete to attract customers.