The French luxury conglomerate estimates that, following a strong start to 2026, the Middle East conflict had a negative impact of 1 percent on organic growth.
The former Gucci CEO steps in to work with chairman and co-CEO Alfonso Dolce as the Italian fashion house’s cofounder Stefano Gabbana resigns from his role as chairman, staying involved in a creative capacity.
The development spanned six years and 179 total attempts, led by head winemakers Ana Paula Bartolucci and Pauline Lhote, alongside mixologist Ines de los Santos.
The decline is attributed to the elimination of tax incentives for EVs in the United States, the German automaker’s largest global market, following increased production of the all-electric Macan.
Two new sneaker designs and three notable faces — actress Yao Chen, athlete Hugo Ekitike and pop star Katy Perry — are featured in the French fashion house’s latest campaign, built around each star’s dedication to wellness and ritual.
The French fashion house’s ESG roadmap eyes a reduction of major emissions by 68 percent and the restoration of nearly 2.5 million acres of natural habitats in the coming years.
To boost the campaign, the group is partnering with New York-based goldsmith Kindred Lubeck, who will produce her first collection of wedding jewelry using the Desert Diamonds line.
Up from 56 percent in Q4, per the firm’s quarterly Global Luxury and Asset Management Monitor, concern spiked most in the latter half of the first quarter, following the closure of the Strait of Hormuz.