Kering has erased gains since Luca de Meo took the helm a year ago; LVMH is down 37% year to date in 2026. Tod’s chairman Diego Della Valle called this year and next a likely “holding period” while the market stabilises.
The laceless nylon, canvas and suede sneakers, priced around €800 in Europe and $1,000 in the US, are Demna's first Gucci sneaker and part of the Primavera collection. Gucci says Italy remains central but chose a Chinese partner for performance know-how.
A series of absorptions will leave a renamed Agache partnership with a direct 49.76% capital stake and 65.55% of voting rights in LVMH. Consolidated family holdings would reach 50.33% of capital and 66.27% of votes.
Ukraine's president said Washington proposed a trilateral meeting and is expected to suggest a date. He spoke with Donald Trump at the UN General Assembly in New York; Ukrainian negotiators then met US counterparts.
Except for the two-year note, US government bond yields traded above 5% after business activity expanded at its fastest pace in more than five years. The move pushed popular US mortgage rates over 7% and echoed stress in Japan and France.
Beth Hammack said the longer inflation stays high, the harder and costlier it becomes to return to target. She described solid output growth and a labour market near her definition of maximum employment.
The US dollar headed for its first consecutive weekly advances in more than three months as the euro hit a two-month low and sterling neared a three-month trough. The 10-year Treasury yield jumped toward a 19-year peak near 5.22%.
Four strikes in five weeks killed five workers at Ukraine's largest steel plant; the company booked about $1 billion in non-cash impairment. Separately, a Russian drone hit a Kyiv high-rise, killing a 14-year-old boy, Zelenskiy said.
In a pre-recorded UNGA address from Ramallah, the 90-year-old Palestinian president restated the legislative vote date. Obstacles cited include Fatah divisions, Israel's reported refusal to allow ballot materials into Gaza, and no Fatah candidate list yet.
A new analysis of the 17,604-patient SELECT trial found that changes in weight, waist size, blood pressure and blood markers accounted for at most about half of the drug's reduction in cardiovascular events.
A nationwide study in The BMJ found a higher risk of venous blood clots with any oral hormone therapy, while treatment through the skin showed no general increase. The absolute risks are small.
A genetic analysis led by Arizona State University suggests the H5N1 variant began expanding around summer 2024, before its first recognised detection that September. The authors call for faster sequencing and better-coordinated surveillance.