Kering vs Saks Global

Kering and LVMH Tighten Model Protection Rules

French luxury groups Kering and LVMH have updated their joint industry charter to strengthen protections for models. The revised charter, effective from Paris Fashion Week 2027, raises the minimum age for models portraying adults to 18, with Kering having already implemented this in 2019 and LVMH increasing from 16. It introduces a zero-tolerance policy against harassment, abuse, and discrimination, with special focus on gender-based and sexual violence. Other measures include mandatory training, stricter monitoring of castings and productions, specific safeguards for nude or semi-nude shoots (explicit consent, separate spaces, and presence of additional staff), anonymous reporting mechanisms, and unannounced workplace audits. The charter retains commitments to diversity and non-discriminatory casting. The companies aim to establish these standards across the fashion industry, emphasizing shared responsibility among brands, agencies, and production teams.

• Kering and LVMH updated their joint charter to protect models, effective from Paris Fashion Week 2027.
• The minimum age for models portraying adults is raised to 18 for both groups.
• A zero-tolerance policy against harassment, abuse, and discrimination is introduced.

Anta Sports completes Puma stake acquisition, becomes largest shareholder

Chinese sportswear giant Anta Sports has finalized the acquisition of a 29.06% stake in Puma from Groupe Artémis for approximately €1.5 billion (nearly $1.7 billion). This makes Anta the largest shareholder in Puma. Anta will seek representation on Puma's supervisory board but has no plans for a full takeover. The deal, first announced in January, comes as Puma undergoes a turnaround with recent leadership changes and layoffs. Anta's chairman expressed confidence in Puma's management and strategic transformation, aiming to support its growth while respecting its independence.

• Anta Sports completed acquisition of 29.06% stake in Puma from Groupe Artémis for ~€1.5 billion (~$1.7 billion).
• Anta becomes largest shareholder in Puma.
• Anta will seek representation on Puma's supervisory board; no takeover offer planned.

Kering Accademia per le Eccellenze launches its first academic year

Kering Accademia per le Eccellenze launches its first academic year. Published on 09/30/2026.

Rent the Runway Appoints Paige Thomas as CEO

Rent the Runway has promoted Chief Commercial Officer Paige Thomas to CEO, effective Monday. Thomas, a Nordstrom alum, succeeds interim CEO Teri Bariquit, who becomes non-executive board chair. The announcement came as the company released Q2 results showing sales growth and narrowed losses. Total revenue rose nearly 21% year-over-year to $97.7 million, while active subscribers declined to 140,826. Gross margin expanded to 36.1%, and net loss shrank to $12.9 million. Thomas aims to accelerate the company's transformation rather than change direction.

• Paige Thomas promoted to CEO of Rent the Runway, effective Monday.
• Teri Bariquit, former interim CEO, appointed non-executive board chair.
• Q2 total revenue rose nearly 21% year-over-year to $97.7 million.