Cryptolux

Kering CEO Luca de Meo discusses the impact of the war in the Middle East on sales, the firm's partnership with ICCF, the Chinese owner of Icicle, and Demna's role as creative director of Gucci. Demna is "one of the greatest of his generation," de Meo says. "He has now in his hands one of the most beautiful brands in the sector, so I'm pretty optimistic that everything will work," he adds. De Meo speaks to Bloomberg's Caroline Connan in Florence, Italy.

Hermès shares tumbled as the disruption from the conflict in the Middle East crimped the Birkin bag maker's sales growth, mirroring the trend at many of its rivals in the luxury goods industry. Bloomberg Opinion's Andrea Felsted has more. Her views are her own.

Gucci sales fell, hurt by the conflict in the Middle East. Revenue at the Kering brand slid 8% on a comparable basis during the first quarter. Analysts were expecting a drop of 4.3%. Bloomberg Intelligence's Deborah Aitken breaks down the situation.

Tapestry President and CEO Joanne Crevoiserat says the company is "winning" on a global basis. Speaking with Katie Greifeld on "Bloomberg The Close," Crevoiserat says the company's organic business has an "incredible runway ahead" and sees Coach becoming a $10 billion brand.

Rolls-Royce's CEO Chris Brownridge reveals how an ultra-limited luxury car is really about something deeper than wealth: exclusive experiences, extreme personalization, and a new era of luxury where scarcity and storytelling matter just as much as the vehicle itself. Project Nightingale is estimated to cost $3.5 million, and only 100 will be made.

Rolls-Royce's CEO Chris Brownridge reveals how a $5M ultra-limited car is really about something deeper than wealth: exclusive experiences, extreme personalization, and a new era of luxury where scarcity and storytelling matter just as much as the vehicle itself. This hyper-luxury motorcar is designed for an exclusive group of 100 clients who have been deeply involved in the creation process, ensuring a highly personalized and rare automobile.

Luxury goods firm LVMH reported first-quarter organic revenue that missed consensus estimates, driven by the underperformance of its key fashion and leather goods division. Kering and Hermès are also due to report this week, as Bloomberg Opinion's Andrea Felsted explains. Her views are her own.

Magnolia Bakery CEO Nathan Louer discusses US franchise expansion, remaining an 'attainable luxury,' and why driving traffic is the key to the company's long term strategy. He talks with Katie Greifeld and Bailey Lipschultz on "The Close."

Geoffroy van Raemdonck, CEO of Saks Global, discusses his vision for the company with Romaine Bostick on "The Close." He says he aims to build a profitable and sustainable Saks Global, with an initial focus on retail.

Bloomberg's Romaine Bostick speaks to Nike's CEO Elliott Hill and Chief Design Officer Martin Lotti about how the company is relaunching its outdoor performance brand - ACG. They speak exclusively in Milan, Italy.