Angelina Rascouet

(Bloomberg) -- Kering SA Chief Executive Officer Luca de Meo will seek to double profitability at the French luxury group, in part by rejuvenating Gucci, its largest brand.

Billionaire Bernard Arnault’s five children were all given a chance to say something at LVMH’s annual general meeting as the question of succession finds itself increasingly on investors’ minds.

Jean-Christophe Babin, the head of LVMH’s watch division, says he’s ready for a phased retirement and Jean Arnault would be an obvious candidate to succeed him as head of the unit that includes labels like TAG Heuer and Hublot.

After the frenzy over the weekend to buy timepieces from the new Audemars Piguet-Swatch collaboration, many who succeeded in laying their hands on the Royal Pop pocket watches wasted no time to flip the sought-after product.

The Alpine Formula One team is currently in discussions with Gucci regarding a potential sponsorship agreement that would feature the Kering SA-owned luxury brand on the team’s racing cars.

Chanel returned to growth last year as US shoppers lifted sales at the luxury group known for its pricey tweed ensembles and No. 5 perfume.

The billionaire family behind Chanel is on track to pocket at least $21 billion from payouts over the past decade, a huge windfall as their brand prospers during a downturn hitting some luxury-good rivals.

London | The billionaire family behind Chanel is on track to pocket at least $US21 billion ($30 billion) from payouts over the past decade, a huge

The billionaire family behind Chanel is on track to pocket at least $US21 billion ($29.4 billion) from payouts over the past decade, a huge windfall as their brand prospers during a downturn hitting some luxury-good rivals.

Tod’s SpA CEO John Galantic has left the Italian fashion group after less than two years in the role.