Chanel Archives

Chanel acquires a 25% stake in Swiss watchmaker MB&F

MB&F said Thursday that luxury fashion brand, Chanel, has taken a 25% stake in the independent Swiss watchmaking brand. Under the agreement, founder Maximilian Büsser, retains the majority of MB&F shares with 60%, while his partner in the company, Serge Kriknoff, head of R&D & Production, owns 15%. The two said they will continue to […]

Gucci CEO departs as brand lags behind: Here’s how the top luxury fashion brands are doing

Gucci CEO Marco Bizzarri, who led the company out of a slump after Tom Ford’s resignation in 2004, will leave his role this September, amid a management shake-up that saw the hiring of a new creative director earlier this year and now the promotion of two other executives as deputy CEOs of parent company Kering. […]