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Spotlight | Kering
Kering management at odds with fashion designers

Kering boss Luca de Meo, flanked by Balenciaga's designer Pierpaolo Piccioli (left) and Anthony Vaccarello, his counterpart at Saint Laurent.© Photomontage by Glitz - Sources: Riccardo Milani (Hans Lucas via AFP), Pascal Le Segretain (Getty Images via AFP), Sebastien Dupuy (AFP)

The new strategic direction adopted by Luca de Meo and the bosses of certain Kering subsidiaries could spell bad news for the group's creative directors.

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Estée Lauder
William Lauder in legal jeopardy over China scandal

William Lauder, now chairman of the board of the US cosmetics giant.© Photomontage by Glitz - Sources: John Angelino (MaxPPP)

Although Estée Lauder has agreed to a $210m settlement amid claims it misled investors over its cosmetics business in China, this is unlikely to be the end of the story. Executives implicated in the affair are facing targeted lawsuits, including current board chairman William Lauder.

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Qatari royal family
HBJ's fire sale of LA mansion and swanky London pad

Ex-Qatari PM Hamad bin Jassem Jabr al-Thani has put his London mansion on the market. © Photomontage by Glitz - Sources: Stephen Richards (Wikipedia)

The severe financial squeeze affecting Qatar – a collateral victim of the clashes between Iran and the United States over the past six months – is even having an impact on the country's wealthiest.

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Financial woes
Debts threaten to eclipse Marine Serre

Marine Serre is doing all she can to shore up the brand she founded in 2017.© Photomontage by Glitz - Sources: Thibaud Moritz (AFP)

Having gone into administration earlier this summer, the high-end fashion brand is courting investors in the hope of tackling its substantial debts.

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Entourage

Endgame
Troubled trunkmaker Pinel & Pinel takes family shareholder to court

Pinel & Pinel's coffers are running on empty and in need of a financial injection.© Photomontage by Glitz - Sources: Pinel & Pinel, Rafael Garcin (Unsplash)

In dire straits after its conviction for free-riding off Rolex, the luxury leather goods manufacturer has taken action against the family office that holds 49% of the group to force it to refinance. But the Gaspard family, which has already invested €31m without any return, is refusing to do so.

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