Stories on fashion and luxury you won't read elsewhere

Balenciaga beer glasses retailing at €400 a pair at its flagship in Paris

Balenciaga beer glasses retailing at €400 a pair at its flagship in Paris

Investors are frustrated with Kering. Here’s why

By Astrid Wendlandt
08/01/23
At the beginning of the year, optimism traditionally reigns, but there is not much around for Kering at the moment. The French luxury group is reeling from two major shocks. First, it abruptly parted ways with Alessandro Michele, the creative director of its biggest brand Gucci, a few weeks ago. There is still no news on who could replace him. Then last month, its sister brand Balenciaga got sucked into a major PR scandal over a series of ad campaigns that sexualized children and hit the brand’s sales, particularly in the United States. One series of ads featured a small child clutching a handbag that looked like a teddy bear in sexual bondage gear. Another, in collaboration with Adidas, had in the background a page from a Supreme Court decision regarding child pornography. Some people took it as a sign that Balenciaga condoned child pornography. Investors have been appalled by these events.

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A Year in the News 2021-2022 is a compilation of Miss Tweed's stories published online during its second year. Like the first yearbook, it is a limited edition. Hence, it is a collector's item. It is designed to celebrate the work of illustrator Claire Laude. Each illustration runs next to the first two paragraph of the story.

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