Kering’s board, chaired by François-Henri Pinault, has appointed Luca de Meo as CEO, effective September 15, 2025, pending shareholder approval on September 9.
This marks a shift to a dual leadership model, with Pinault remaining chairman.
The move aims to strengthen governance and lead Kering into a new phase of growth, leveraging de Meo’s global experience and brand expertise.

Gold prices saw a rise following escalating tensions between Israel and Iran. Investors are keenly awaiting the U.S. Federal Reserve’s policy meeting outcome. The expectation is that the Fed will maintain current interest rates. Market participants are also monitoring Jerome Powell’s comments for insights into future rate adjustments. Other precious metals like silver, platinum, and palladium experienced varied price movements.

Vishal Mega Mart share price will be in focus as promoter Samayat Services LLP plans to offload a 10% stake worth ₹5,057 crore via block deals at ₹110 per share. The mid-cap retailer, listed in December 2024, recently posted strong Q4 earnings and has gained 18% YTD, outperforming the Nifty.

Bata Group has announced Panos Mytaros as the new Global CEO, effective September 15, 2025, succeeding Sandeep Kataria. Mytaros brings over 30 years of footwear and leather industry experience, joining from ECCO where he served as CEO. Graham Allan, Chairman of Bata Group, expressed confidence in Mytaros’ leadership to guide Bata through its next growth phase, acknowledging Kataria’s contributions.

Indian diamond exporters anticipate a resurgence in Chinese demand following a three-year decline, fueled by major retailers launching diamond buyback programs. This initiative aims to revive interest in natural diamonds, mirroring gold’s appeal. While exports to China have halved since 2021-22, positive sentiment is growing.

Adidas has launched The London Originals Collection, a 36-piece line blending heritage tennis style with modern performance.
Inspired by Wimbledon and icons like Stan Smith, it features retro details, CLIMACOOL tech, and court-ready designs for both men and women.
The range includes apparel and accessories, balancing sport and streetwear aesthetics.

So, ASICS, that famous Japanese sportswear company, is going big in India! They’re planning to make a whopping 40% of their stuff right there. This is because India got serious about shoe quality, making ASICS stop importing for a bit. Now, they’re shifting gears to manufacture locally and keep up with the new rules.

Trade body BGMEA and Swisscontact recently signed a memorandum of understanding (MoU) in Dhaka, announcing a strategic partnership to promote sustainable and inclusive growth in Bangladesh’s RMG sector.
The partnership will focus on skills development for women and youth, environmental and social compliance, clean energy adoption, and joint outreach to support factory-level transformation.

Oxford Industries reported net sales of $393 million in the first quarter of fiscal 2025, down slightly from $398 million in FY24.
Adjusted EPS fell to $1.82 from $2.66.
DTC and e-commerce sales declined, though Lilly Pulitzer saw growth.
Tariff-related costs and markdowns pressured margins.
Second quarter sales and earnings are also projected to decline.

Sandeep Kataria, global CEO of Bata Corporation, has resigned. He was the first Indian to lead the footwear giant. Kataria will stay for six months to help with the transition. An official announcement is expected soon. Succession plans are currently in progress. This marks a significant change in leadership for the Switzerland-based company. Kataria’s departure concludes his five-year tenure.