Kering has launched Kering Craft in China, an innovative program to support fledgling local talent, developed in tandem with Shanghai’s key designer council.
From left to right: Mr. Li Guoqing, Deputy Director of China International Import Expo Bureau; Mr. Liu Wei, Level-II Inspector of Shanghai Municipal Commission of Commerce; Mr. Nicolas Forissier, French Minister Delegate for Foreign Trade and Economic Attractiveness; Mr. Luca de Meo, Chief Executive Officer, Kering; Mr. Ji Shengjun, Director of the Shanghai Fashion Week Organizing Committee – Kering
The Kering CRAFT program’s goal is to identify promising Chinese designers hand-picked by an international jury of industry leaders and experts, in collaboration with the Shanghai Fashion Designers Association. CRAFT stands for Creative Residency for Artisanship, Fashion and Technology.
Selected talents will be chosen to participate in a cross-continental residency program spanning Milan, Paris, and Shanghai, curated by Kering. An immersive experience combining artisanship, design, and business insights, encouraging dialogue around creativity, craftsmanship, and the future of luxury, the Paris-based luxury conglomerate announced in a release.
The program is designed to empower Chinese designers to build strong brand and business capabilities, fostering the emergence of “glocal” brands. Meaning local Chinese houses with the potential to scale globally and create synergies with Kering’s Houses.
“China is one of the world’s most dynamic innovation hubs, impressing with its remarkable creativity and speed. This vibrant creative energy perfectly aligns with Kering’s vision,” said Luca de Meo, CEO of Kering.
“As we partner with Shanghai Fashion Week in this groundbreaking initiative, we are honoured to play an active role in fostering international exchange in business, culture and innovation,” added de Meo, who joined Kering in June this year.
As the world’s second largest luxury group, Kering controls six powerhouse runway brands: Gucci, Saint Laurent, Balenciaga, Bottega Veneta, Alexander McQueen, and Brioni, as well as Boucheron, Pomellato, Dodo, Qeelin, and Ginori 1735.
Kering announced the new initiative during the unveiling ceremony of the Kering Pavilion at the 8th China International Import Expo (CIIE), marking a significant step in the group’s deepening engagement with China’s fashion and creative industries.
“Guided by the philosophy of ‘integration of local and international visions’, we are proud to collaborate with Kering to nurture emerging talent in China’s fashion and creative industries,” said Ji Shengjun, Director of Shanghai Fashion Week Organizing Committee. “Together, we aim to build a platform that empowers local designers to engage globally, spark creativity, and strengthen brand-building capabilities- expanding the fashion ecosystem.”
In the past two decades, Shanghai Fashion Week has evolved from a small runway showcase to become the leading fashion week in Asia.
Kering has an estimated 6,000 staff members and more than 400 stores- almost a quarter of its global retail network- across 40 Chinese cities. Half of Kering’s stores in China were opened during the past decade. Among Kering’s top 10 cities in terms of global sales, five are located in China.
The demerger of Unilever‘s ice cream division, to be named ‘The Magnum Ice Cream Company,’ which had been delayed in recent months by the US government shutdown, will finally go ahead on Saturday, the British group announced.
Reuters
Unilever said in a statement on Friday that the admission of the new entity’s shares to listing and trading in Amsterdam, London, and New York, as well as the commencement of trading… is expected to take place on Monday, December 8.
The longest federal government shutdown in US history, from October 1 to November 12, fully or partially affected many parts of the federal government, including the securities regulator, after weeks without an agreement between Donald Trump‘s Republicans and the Democratic opposition.
Unilever, which had previously aimed to complete the demerger by mid-November, warned in October that the US securities regulator (SEC) was “not in a position to declare effective” the registration of the new company’s shares. However, the group said it was “determined to implement in 2025” the separation of a division that also includes the Ben & Jerry’s and Cornetto brands, and which will have its primary listing in Amsterdam.
“The registration statement” for the shares in the US “became effective on Thursday, December 4,” Unilever said in its statement. Known for Dove soaps, Axe deodorants and Knorr soups, the group reported a slight decline in third-quarter sales at the end of October, but beat market expectations.
Under pressure from investors, including the activist fund Trian of US billionaire Nelson Peltz, to improve performance, the group last year unveiled a strategic plan to focus on 30 power brands. It then announced the demerger of its ice cream division and, to boost margins, launched a cost-saving plan involving 7,500 job cuts, nearly 6% of the workforce. Unilever’s shares on the London Stock Exchange were steady on Friday shortly after the market opened, at 4,429 pence.
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Burberry has named a new chief operating and supply chain officer as well as a new chief customer officer. They’re both key roles at the recovering luxury giant and both are being promoted from within.
Matteo Calonaci becomes chief operating and supply chain officer, moving from his role as senior vice-president of strategy and transformation at the firm.
In his new role, he’ll be oversee supply chain and planning, strategy and transformation, and data and analytics. He succeeds Klaus Bierbrauer, who’s currently Burberry supply chain and industrial officer. Bierbrauer will be leaving the company following its winter show and a transition period.
Matteo Calonaci – Burberry
Meanwhile, Johnattan Leon steps up as chief customer officer. He’s currently currently Burberry’s senior vice-president of commercial and chief of staff. In his new role he’ll be leading Burberry’s customer, client engagement, customer service and retail excellence teams, while also overseeing its digital, outlet and commercial operations.
Both Calonaci and Leon will join the executive committee, reporting to Company CEO Joshua Schulman.
JohnattanLeon – Burberry
Schulman said of the two execs that the appointments “reflect the exceptional talent and leadership we have at Burberry. Both Matteo and Johnattan have been instrumental in strengthening our focus on executional excellence and elevating our customer experience. Their deep understanding of our business, our people, and our customers gives me full confidence that their leadership will help drive [our strategy] Burberry Forward”.
Traditional and occasion wear designer Puneet Gupta has stepped into the world of fine jewellery with the launch of ‘Deco Luméaura,’ a collection designed to blend heritage and contemporary aesthetics while taking inspiration from the dramatic landscapes of Ladakh.
Hints of Ladakh’s heritage can be seen in this sculptural evening bag – Puneet Gupta
“For me, Deco Luméaura is an exploration of transformation- of material, of story, of self,” said Puneet Gupta in a press release. “True luxury isn’t perfect; it is intentional. Every piece is crafted to be lived with and passed on.”
The jewellery collection features cocktail rings, bangles, chokers, necklaces, and statement evening bags made in recycled brass and finished with 24 carat gold. The stones used have been kept natural to highlight their imperfect and unique forms and each piece in the collection has been hammered, polished, and engraved by hand.
An eclectic mix of jewels from the collection – Puneet Gupta
Designed to function as wearable art pieces, the colourful jewellery echoes the geometry of Art Deco while incorporating distinctly South Asian imagery such as camels, butterflies, and tassels. Gupta divides his time between his stores in Hyderabad and Delhi and aims to bring Indian artistry to a global audience while crafting a dialogue between designer and artisan.