Luxury Daily’s live news from June 14 – Kenzo creative directors to leave label; Kering adds Balenciaga CEO to executive committee; Four Seasons furthers footprint in San Francisco with second hotel; Valentino films sunny flash mob in eyewear push; BMW gives glimpse of upcoming model in abstract art.
French conglomerate Kering has named Balenciaga CEO Cédric Charbit to its executive committee, following the brand’s significant sales growth over the last two years.
Hospitality company Four Seasons Hotels and Resorts is expanding its brand in San Francisco with the upcoming opening of an additional development in the Californian city.
LVMH-owned fashion label Kenzo’s creative directors Carol Lim and Humberto Leon are said to be parting ways with the house as they look to focus more on their Opening Ceremony brand.
German automaker BMW is teasing its latest future mobility concept through art, presenting works inspired by the Vision M Next before revealing the car itself.
Italian fashion house Valentino is flaunting its eyewear in a short depicting an impromptu dance party at Paris’ Place Vendôme.
The global luxury goods market is expected to reach up to $311 billion in sales this year, buoyed by increased domestic spending by Chinese consumers and growth in European tourism.
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Christie’s “Maharajas & Mughal Magnificence” imminent auction of Indian jewelry, paintings, arms and objects is perhaps one of the most majestic collections to come on the market in decades. Word of advice to all luxury executives interested in bygone craftsmanship as an inspirational source for future endeavors: go and take a look at the 400 lots at Christie’s New York June 14-18 before they disperse around the world on auction day June 19.
Reflective of the rapidly changing nature of business today, the executive leadership at luxury companies is also evolving.