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With Pierpaolo Piccioli, Balenciaga seeks 'it bag' to turn finances around

With its new creative director Pierpaolo Piccioli, Balenciaga is gambling on success with leather goods.© Studio Pachamama

Balenciaga, like other Kering brands, has been instructed by the group's new boss to diversify its revenue streams, and is now betting on leather goods. Its new creative director, Pierpaolo Piccioli, began his career working on accessories at Valentino.

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Late Swiss asset manager Freymond switched residency to Italy, complicating assets recovery

Éric Freymond's swindled clients and creditors are facing a major legal battle to recover their assets. The Swiss national had in 2019 transferred his residence and tax domicile, further complicating attempts at assets recovery.

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Pinault Collection makes waves by buying much-coveted water artwork

François Pinault's private art collection has bought a huge installation piece made up of a large water pool containing 200 bowls. The work, which was on display all summer at Paris's Bourse de Commerce, was also coveted by rival art centres.

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Estée Lauder tiptoes around ‘daigou' as its grey-market sales come under scrutiny

The US cosmetics giant is fighting a class action over its reliance on Chinese grey-market resellers and its falling Asian sales resulting from Beijing's crackdown. But the company's selective use of terminology - its omission of "inconvenient truths" - is now adding to its legal woes.

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Entourage

Shein rolls out cheeky emails to poach luxury influencers

To consolidate its influence in France, the ultra-fast fashion giant is running an intensive campaign targeting influencers who represent luxury brands.

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French MPs take aim at Refashion's cash pile as textile recycling crisis deepens

As France's parliament prepares to debate the new government's make-or-break budget, some lawmakers are turning their scrutiny towards the unused millions sitting in a major eco-organisation's accounts.

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