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Bourse de Commerce: Billionaire Francois Pinault's art collection goes on display in new Paris museum


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The reopening of Paris museums this week finally gives billionaire tycoon Francois Pinault the chance to showcase his vast contemporary art collection in the French capital, with works
from stuffed pigeons to slowly melting chairs.
The museum s launch in a converted 19th-century commodities exchange, blocks away from the Louvre Museum, was put on hold twice
owing to the coronavirus pandemic after having suffered earlier planning mishaps, with an initial project abandoned in 2005.
Pinault, 84 – who made his fortune in timber trading before shifting into retail under the group now known as Kering, run by his son – joins rival French luxury goods tycoon Bernard Arnault in trying to stamp his legacy on Paris art scene and landscape, with museums and renovation projects. ....

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Gucci and Facebook file lawsuit against alleged counterfeiter for selling fake goods online


Online sales of luxury handbags, shoes and garments have boomed over the past year as the coronavirus pandemic forced retailers to temporarily close their stores.
Groups such as Facebook are keen to make a bigger push into the luxury market and social commerce , but to do so they need to show that their platforms are not a conduit for counterfeiting and are safe for brands, some of which are reluctant to sell their products through third-party players.
More than one million pieces of content were removed from Facebook and Instagram in the first half of 2020, based on thousands of reports of counterfeit content from brand owners, including Gucci, the lawsuit statement said. ....

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Millennials effect change on corporate behaviour in the US


A number of companies say it disenfranchises some voters. Some, such as Delta Air Lines and Coca-Cola, are based in Georgia, where state lawmakers have the power to raise state taxes. Delta chief executive Ed Bastian said in a public memo that his decision to speak out was informed by discussions with leaders and employees in the Black community.
The companies criticising the law so far represent a sliver of the US business landscape. Yet they are part of a growing group of companies shedding their reluctance to speak out on politically controversial social issues that matter to many of their employees and customers globally, business leaders interviewed by ....

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Asos the favourite to buy Topshop from administrators


Retailer Next said on Thursday it had pulled out of the bidding as it was unable to meet the price expectations of the collapsed fashion chain.
ASOS is not holding any talks about buying Topshop stores, Sky News said, citing unnamed insiders. But it was also keen to acquire Arcadia s Miss Selfridge brand alongside Topshop and Topman, Sky said.
ASOS is competing against rivals including Boohoo Group , US retailer Authentic Brands Group, which is working with JD Sports Fashion, and Chinese fashion group Shein, the report added.
Arcadia went into administration in November, putting more than 13,000 jobs at risk and becoming Britain s biggest corporate casualty of the Covid-19 pandemic. ....

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