Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
Kering Wants to Control Its E-Commerce
The online shopping sites for all of its brands will be handled in-house by the first half of 2020.
Paris—Kering will bring e-commerce for all brands in house by 2020, the luxury conglomerate announced Monday.
For the past seven years, e-commerce for the majority of the dozen luxury brands owned by the Paris-based company has been handled through a joint venture with Yoox Net-a-Porter (YNAP) Group.
But rival Richemont, whose holdings include Van Cleef & Arpels and Cartier, acquired YNAP in May of this year, and so Kering is now looking to transition off the platform, noting that “the success of luxury houses depends upon their ability to offer bold creative propositions, an exceptional customer experience that is consistent across all distribution channels and a unique customer relationship on all devices.”
It said it expects the migration to be complete by the first half of 2020, though it noted it would continue to develop partnerships with third-party e-commerce platforms when relevant.
RELATED CONTENT: Kering Revenue Jumps 28%, Watches and Jewelry ‘Solid’Heading the transition is Grégory Boutté, whom Kering brought on board as chief client and digital officer at the end of 2017. His job is to upgrade the company’s digital capabilities, taking the lead on e-commerce, CRM, data science and innovation.
Kering said e-commerce is its fastest-growing sales channel; it accounted for 6 percent of the luxury conglomerate’s total sales in the first half of 2018.
“Digital can be many different things at once: a distribution channel, a platform for offering seamless omnichannel services to clients, a driver of brand image and visibility, and a tool for engaging with customers in a personalized way,” Boutté said. “Digital technology, data science and innovation provide a way of offering our customers the best possible experience, on every touchpoint.”
The Latest
Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.
The Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The announcement came as the company reported a 23 percent drop in production in Q1.
The three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.
A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
The luxury titan posted declining sales, weighed down by Gucci’s poor performance.
The selected nine organizations have outlined their plans for the funds.
The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
Ruser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.
The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
The overhaul includes a new logo and enhanced digital marketplace.
The money will go toward supporting ongoing research and aftercare programs for childhood cancer survivors.
A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.
From now through mid-May, GIA will be offering the reports at a 50 percent discount.
De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.
Sponsored by the Las Vegas Antique Jewelry & Watch Show