[vc_row][vc_column][vc_column_text]
Chantal Thomas is leaving the artistic direction of her brand, the vice-president of Kering is leaving her position, the LVMH prize is opening its applications to designers and the other news of the day.
Press review
Chantal Thomass quits the artistic direction of her brand
Chantal Thomass, who founded the famous eponymous lingerie brand in 1975 and embodied it for decades, despite the changes in ownership, announced on December 17 her retirement from artistic direction.
Since the brand was acquired by Dim in 1998 and then by the Chantelle group in 2011, she was fully associated with the destiny of her brand.
The lingerie brand will now continue under a new artistic direction, while the designer will pursue her various creative activities, particularly in the luxury hotel industry, entertainment, design and decoration.
Chantal Thomass commented on her decision: “If my activities, which started 40 years ago, are mainly known for lingerie and fashion, in reality they have always been diversified. “The future of the Chantal Thomass lingerie brand will be in good hands as the next collections will always be designed by a major French company specialising in lingerie, Chantelle” she concluded.
Patricia Barbizet quits the Vice President position at Kering
The Board of Directors of Kering, the world’s second largest luxury goods company, decided on Friday, December 14 to co-opt Financière Pinault society, represented by Héloïse Temple-Boyer, to replace Patricia Barbizet, Vice-Chairman of the Board, who has resigned.
Ms Héloïse Temple-Boyer has been Deputy Executive Director of Artemis since 2018. She joined Artémis at the beginning of 2013 as Investment Director. Prior to that, she was a project manager with the President and Director of International Purchasing at Groupe Casino, after more than five years in finance at Rothschild & Cie.
In January 2018, Patricia Barbizet had already left her position within the Artémis group (holding company of the Pinault family, which owns Le Point and is the controlling shareholder of Kering).
François-Henri Pinault, Chairman of the Board of Directors, said: “I would like to thank Patricia Barbizet for her immense contribution, during her many years on the Board, to Kering’s growth and transformation into a global luxury group.”
LVMH Opens Applications for Sixth Edition of LVMH Prize
LVMH has opened applications for its sixth LVMH Young Fashion Designers Award. All creators under 40 who have produced at least two collections (male, female or unisex) are invited to participate.
The winner will join the ranks of former students such as Masayuki Ino from Doublet and Marine Serre; he will also receive a prize of 300,000 euros and “a one-year sponsorship by a dedicated LVMH team, in all areas of expertise” according to the press release. Three young graduates will be offered opportunities in one of the LVMH companies for one year, to which will be added a scholarship of 10,000 euros.
The French group will announce more information in January, including the members of the jury and the panel of international experts, the 2019 Prize calendar and the communication themes.
Louis Vuitton, Chanel et Hermès named most powerful brands
Louis Vuitton, Chanel, Hermès, these are the 3 brands that dominate the BrandZ 2019 ranking, proof of the influence of the Luxury brands. The sector is the one that shows the best growth: + 54% in the ranking.
On closer examination, there is little movement compared to last year: Louis Vuitton keeps its first place with a brand value of $46.4 billion, Chanel rises to second place (5th last year) with a value of $39.2 billion and Hermès drops one notch to third place with a value of $31.5 billion. Nevertheless, it should be noted that the five leading brands posted growth above the average of the Top 50: 22% on average (versus 12% for the total average) and that the total value of the 50 French brands was $293 billion, equivalent to 11.3% of French GDP.
Finally, we can note the entry of six new brands, including Céline (No. 38), Vichy (No. 41) and Van Cleef & Arpels (No. 43), which reflect a certain dynamism in the sectors of the French economy.
[/vc_column_text][/vc_column][/vc_row]
