Luxury

How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
Highlights

Why Gucci Picked Demna

The era-defining Balenciaga designer will take the reins of Italy’s biggest luxury brand in a surprise shakeup of parent company Kering’s creative ranks. The French group is under pressure to turn around performance after profits tumbled 46 percent last year.


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THE NEWS IN BRIEF

Swatch Targeted by Activist Investor

An American investor is challenging the Hayek family’s leadership, attempting to gain a board seat at Swatch Group amid declining performance.