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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.

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.

H&M first-quarter sales fell short of expectations in a period plagued by weak consumption and large currency effects. Bloomberg Opinion columnist Andrea Felsted weighs in on the challenges facing the Swedish fast-fashion retailer. Her views are her own.

On Holdings shares dipped Tuesday following a net sales outlook falling short of estimates. Despite the company having its worst trading day since August, On Holdings CEO Martin Hoffmann believes demand in the company 'remains extremely strong,' calling On the 'hottest brand out there.' He discusses sales growth, product innovation, and celebrity partnerships with Romaine Bostick on "The Close."

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.

Lululemon Athletica Inc. said Chief Executive Officer Calvin McDonald is stepping down as the pricey yoga-wear brand looks to reignite growth amid pressure from upstart competition and it founder. Chief Financial Officer Meghan Frank and Chief Commercial Officer André Maestrini will serve as interim co-CEOs. BTIG Analyst Janine Stichter joins "Bloomberg The Close."