Chanel is in talks to buy the retail space at Extell's proposed development at 655 Madison Avenue for around $450 million.

The luxury brand will sell men's and women's reacy-to-wear, accessories and footwear at the 4,220-square-foot space.

Shares in Kering sank, after the French fashion conglomerate named the provocative designer Demna as artistic director of Gucci, its largest brand. Kering stock recently stood more than 13% lower ...

Kering lost nearly $3 billion in market value due to appointing in-house designer Demna to lead Gucci’s creative direction, resulting in a 13% drop in shares. Analysts question if Demna’s ...

Kering shares dropped a significant 12% on Friday morning, following the announcement of Demna’s appointment at Gucci on Thursday afternoon. According to Business of Fashion, several analysts ...

Kering shares took a hit this week after Gucci announced that Balenciaga’s Demna would be stepping into the role of Artistic Director, effective this July. Per a report from Reuters, which also ...

Gucci and its French parent Kering said in a statement that Demna “has redefined modern luxury, earning global recognition ...

Shares in François-Henri Pinault’s luxury fashion empire Kering fell sharply on Friday following his decision to appoint in-house talent Demna as artistic director of the group’s flagging ...