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News briefs

Day’s wrap: Burberry, Ferragamo, LVMH, Kering and BMW

June 28, 2021

Burberry is starting the search for a new CEO. Image credit: Burberry


Luxury Daily’s live news for June 28:

Ferragamo names Burberry’s Marco Gobbetti as new CEO
Marco Gobbetti is leaving his post as chief executive office at British fashion label Burberry to join Italy’s Salvatore Ferragamo as CEO and general manager.

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LVMH taps textile recycling startup to improve circularity
French luxury goods conglomerate LVMH Moët Hennessy Louis Vuitton is adopting a new, high-quality textile recycling process as it expands its creative circularity solutions.

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Kering Americas partners with Black in Corporate on virtual mentorship program
French luxury conglomerate Kering is establishing a mentorship program with its Americas business to expand opportunities for Black professionals.

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BMW lands blockbuster product placement with Marvel
German automaker BMW is returning to the silver screen through a new collaboration with Marvel Studios.

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Rise of resale: How fashion is becoming circular
Between the COVID-19 pandemic and various environmental crises, consumer interest in sustainable fashion consumption has dramatically evolved, launching the resale market into hyperdrive.

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