De Montalivet will be responsible for the progress of the group's BareMinerals, Nars, Laura Mercier and Shiseido brands in the region and leading the company's direction to deliver the corporate global strategy.
The department store group, which previously did not have any locations outside of France, is planning to open flagships in Milan and Qatar’s Doha in 2021. It aims to open 5-10 international locations before 2030.
Kering CEO François-Henri Pinault announced at the event in Copenhagen that he has been tasked by French president Emmanuel Macron ahead of the next G7 summit this summer with uniting fashion and luxury industry players on questions of sustainability.
Macy’s said on Wednesday the latest tariffs on Chinese imports by Washington are hitting its furniture business and warned investors that additional levies would leave its clothing and accessory lines vulnerable as well.
Chinese e-commerce leader Alibaba's quarterly revenue beat analyst estimates on Wednesday, indicating that the Sino-US trade tiff and a slowing domestic economy were having little impact on the bottom line.
Property giant British Land criticised retailers seeking to cut their rent bills as it released its full-year results. The company said some chains have been asking it to sacrifice too much as its portfolio value fell.
Björn Borg had a good first quarter of the year with its net sales up as much as 11.2% to SEK188.2 million ($19.5 million), although without positive currency effects, the increase would have been a lower 7.1%.
FabFitFun has expanded into the UK following an $80 million funding round in January. The membership includes the FabFitFun Box, which delivers a selection of beauty and lifestyle products four times a year.
China reported surprisingly weaker growth in retail sales and industrial output for April on Wednesday, adding pressure on Beijing to roll out more stimulus as the trade war with the United States escalates.