MILAN — A generational handover must be planned “bravely, when you are in good health, and have the right energy,” believes Gildo Zegna. In an interview on the succession plan Ermenegildo Zegna Group revealed on Monday, Zegna said, “It’s important to leave the floor to the younger generation, and while I will remove myself from the day-to-day operations, I will continue to be available to contribute with my views on strategies.” More from WWD The plan goes into effect on Jan. 1 and Zegna will switch to ex ...

Core Insights - Kering's CEO Luca De Meo is launching a new investment platform called House of Dreams to support emerging businesses and reduce reliance on Gucci [1][4] - The investment unit will focus on areas such as experiential technology, Indian craftsmanship, and culture-led Chinese luxury [2] - Kering aims to reinforce its brand portfolio while preparing for various future scenarios in the luxury market [3] Investment Strategy - House of Dreams is designed to "de-risk" Kering's dependence on Gucci, which currently accounts for 50% of the company's operating income [4] - The investment arm will leverage Kering's access to affluent customers and is inspired by similar structures at competitors like LVMH and L'Oréal [5] - A 90-day pilot phase is planned for House of Dreams, supported by a seed fund and an initial team, although the full launch date remains unspecified [5] Financial Performance - Kering reported Q3 2025 revenue of €3.4 billion ($3.94 billion), reflecting a 10% decline on a reported basis and a 5% decrease on a comparable basis [6] - The company has agreed to sell its beauty business to L'Oréal for €4 billion, which includes the transfer of the House of Creed and beauty licenses for Kering's luxury brands [6]

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Market Trends - Japan's secondhand market is becoming a prime destination for luxury goods hunters [1] - The market features items ranging from Chanel baseball shirts to Hermès Birkin bags [1]

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Financial Investment - LVMH 将向其亏损的《Le Parisien》报纸注资高达 150 million 欧元（约 173 million 美元），以改善其财务状况 [1]

Core Points - Richemont has published its interim report for the six-month period ending 30 September 2025, which is available for download on its website [1] - The report includes unaudited condensed interim consolidated financial statements and reflects information from a prior results announcement made on 14 November 2025 [1] - Richemont no longer prints its interim report in accordance with stock exchange regulations in Switzerland and South Africa [2] Company Overview - Richemont is focused on crafting the future with a unique portfolio of prestigious Maisons known for their craftsmanship and creativity [3] - The company's ambition is to nurture its Maisons and businesses for sustainable growth and prosperity over the long term [3] Business Segments - Richemont operates in three main business areas: - Jewellery Maisons, which include Buccellati, Cartier, Van Cleef & Arpels, and Vhernier [4] - Specialist Watchmakers, including A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis, and Vacheron Constantin [4] - Other, primarily Fashion & Accessories Maisons, such as Alaïa, Chloé, Delvaux, dunhill, G/FORE, Gianvito Rossi, Montblanc, Peter Millar, Purdey, Serapian, TimeVallée, and Watchfinder & Co [4]

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Core Viewpoint - Italian prosecutors are investigating luxury group Tod's and three of its executives for suspected labor abuses and are seeking a temporary ban on the company's advertising activities [1] Group 1 - The investigation focuses on labor practices within Tod's, indicating potential violations of labor laws [1] - Prosecutors are considering a temporary blanket ban on advertising for Tod's as part of the investigation process [1] - The inquiry involves three executives from Tod's, highlighting potential accountability at the leadership level [1]