Fashion icon Chanel chooses Indian-born Leena Nair as CEO

NEW DELHI (AP) — The luxury fashion house Chanel has chosen Leena Nair, an industry outsider from India and longtime executive at Unilever, to be its new CEO.

Nair said in a Twitter post that she was “humbled and honored to be appointed the Global Chief Executive Officer of @CHANEL, an iconic and admired company.”

The news made a huge splash in India, Nair’s birthplace on Wednesday, where she received scores of congratulations and compliments to her announcement, one calling her a “serial glass-ceiling breaker.”

The appointment is full of “historic firsts”, said Abhay Gupta, CEO and founder of consultancy group Luxury Connect in India.

“I am elated. This is the first time an Indian is heading a global luxury brand, that too an Indian woman, and it’s the first time a fashion industry outsider has been picked,” he said.

People of Indian origin are at the helm of a number of global tech, finance and other companies, but the same can’t be said for luxury brands. Gupta, who also runs a school for luxury management, said his students would be “inspired” by the news.

“It’s very encouraging and motivating, especially since we haven’t seen this before. Coming from a non-luxury background, I expect she’ll bring fresh perspective – it’s a sign that things are changing,” he said.

While Nair, 52, is not a part of the Paris fashion scene, Chanel has a wide range of products in addition to its fashion designs.

Nair is succeeding billionaire co-owner and chairman of privately-held Chanel, Alain Wertheimer, as CEO. A grandson of Chanel co-founder Pierre Wertheimer, he remains as global executive chairman of the fashion house.

British consumer goods giant Unilever describes Nair as its first woman, first Asian and youngest ever chief human resources officer. She joined Unilever in 1992 in India and advanced up the ranks, spending time at the company’s factories early on.

Nair is due to step into her new role in January. Her appointment is seen back home as a sign of the rising stature of Indian business leaders, especially women.

In her social media posts, Nair has described India-born former PepsiCo CEO Indra Nooyi as a friend and mentor. Nair herself recently was awarded the Great British Businesswoman Role Model of the Year award.

But she is not the first woman to be CEO of Chanel. Earlier, Francoise Montenay and American Maureen Chiquet held that role. And of course, the co-founder of Maison de Chanel was a woman, the late Gabrielle “Coco” Chanel.

Nair is married to financial entrepreneur Kumar Nair and has two sons.


AP Business Writer Kurtenbach contributed from Bangkok.

New study links major fashion brands to Amazon deforestation | Brazil

New research into the fashion industry’s complex global supply chains shows that a number of large fashion brands are at risk of contributing to deforestation in the Amazon rainforest, based on their connections to tanneries and other companies involved in the production of leather and leather goods.

The report, released Monday, analyzed nearly 500,000 rows of customs data and found that brands such as Coach, LVMH, Prada, H&M, Zara, Adidas, Nike, New Balance, Teva, UGG and Fendi have multiple connections to an industry that props up Amazon deforestation.

More than 50 brands have multiple supply-chain links to the largest Brazilian leather exporter, JBS, which is known to engage in Amazon deforestation. JBS recently made a commitment to achieve zero deforestation across its global supply chain by 2035, something environmental groups have called insufficient.

The study was conducted by Stand.earth, a supply chain research firm. The findings are surprising, in part because a number of the brands surveyed have recently announced policies to untangle themselves from actors along the supply chain that contribute to deforestation.

“With a third of companies surveyed having some kind of policy in place, [you’d expect] that would have an impact on deforestation,” said Greg Higgs, one of the researchers involved in the report. “The rate of deforestation is increasing, so the policies have no material effect.”

The researchers hope to one day expand to other industries that rely heavily on leather, like the automotive sector.

In 2019 and 2020, Brazil faced criticism from world leaders for not doing more to protect the forest from raging wildfires. Deforestation in the critical ecosystem continues at an alarming rate. Research has shown that the cattle industry is the single largest driver of deforestation of the Amazon rainforest and the fashion industry is animportant cog in the leather exportation machine.

In fact, projections show that in order to keep supplying consumers with wallets, handbags and shoes, the fashion industry must slaughter 430m cows annually by 2025.

Their analysis does not prove a direct link between each fashion brand and Amazon deforestation; instead, researchers found connections that increase the probability of any individual garment coming from cattle ranching in the Amazon, an industry described as the No 1 culprit of deforestation in the area.

The report identified fashion brands that participate in the Leather Working Group or other voluntary commitments, but highlight that the Leather Working Group evaluates tanneries only on their ability to trace leather back to slaughterhouses, not back to farms.

“The goal is to develop a clear plan [for the fashion industry] to close the loopholes,” said Jungwon Kim, vice-president of strategy of Slow Factory, the climate justice non-profit that collaborated on the report.

Of the 84 companies analyzed by the report, 23 had explicit policies on deforestation. The researchers believe those 23 companies are “likely” violating their own policies, based on their findings. The fashion house LVMH, for example, was found to have a high risk of connections to Amazon deforestation – despite the fact that earlier this year the brand pledged to protect the vulnerable region with Unesco.

Sônia Guajajara, executive coordinator of the Brazilian Indigenous Peoples’ Alliance (APIB), said brands have “the moral responsibility, the influence and the economic resources” to stop working with suppliers contributing to deforestation in the Amazon today, “not in 10 years, not in 2025”.

The effect of recent wildfires in the Amazon has had devastating consequences for Indigenous groups, who say president Jair Bolsonaro forcibly removed Indigenous peoples to make way for agriculture, mining and other development activities.

Angeline Robertson, an investigative researcher who worked on the study, told the Guardian she hopes the fashion industry will take cues from their analysis and “work in their own self-interest”.

“In this time of climate emergency, if the fashion industry wants to be relevant, this is the opportunity,” she said.

Céline Semaan, chief executive and co-founder of Slow Factory, said brands should not use this as an opportunity to contribute to deforestation elsewhere, such as Guatemala or Mexico, but invest in and explore alternatives that are not extractive.

With lab-grown alternatives on the rise, a future where your favorite bag or sneakers don’t come at the expense of the Amazon rainforest is possible.

“At the end of the day, we have to find other solutions and other alternative leathers that are not animal-based and that are not plastic-based,” said Semaan. “With the resources that fashion companies have, there’s really no excuse.”

Do You Know Where Your Sweater Came From?

Just under a decade ago, I wrote a column about an extraordinary new initiative, courtesy of Fendi, called Pesce d’Aprile, in which a customer could travel to a crocodile farm in Singapore, select the reptile from which their handbag would be made and then follow its progress via an app. Billed as the fashion equivalent of “know your food,” it was the first of its kind.

It was also entirely made up (by me): an April Fool’s joke invented to highlight the lengths to which fashion brands would go to distinguish themselves — and the fact that, increasingly, customers were interested in the origin of their products.

Except now, finally, the joke’s on me.

Loro Piana, the luxury brand known for its plush, understated knits that look as if they have been woven from liquidized bank notes, has embarked on a program that will allow customers to trace every step of production of one of its baby cashmere sweaters from goat to store.

It may seem like a simple thing: How can a brand not know exactly where and how its products are made? Yet the fashion supply chain is so complicated, its many moving parts spread out over so many countries and processes, that for most of us the origin stories of our clothes are almost entirely opaque.

“We have a belief that companies know where things are coming from, and in actual fact many companies lost that ability quite a long time ago,” said Maxine Bédat, the founder of the New Standard Institute, a nonprofit founded to define and create a framework for fashion’s sustainability claims. “The more products you add to your offering, the more diffuse and complicated the manufacturing becomes, and as a result it is very rare today for fashion companies to both be able to trace their full supply chains and be willing to disclose them.”

Consider the fact that the average merino wool sweater will travel 18,000 miles over the course of its production before it reaches a store shelf, according to Bamford, the British farm-to-table luxury brand.

Tracing that journey is easier, of course, if a brand is small enough to do everything itself or if a new brand is built with transparency in mind. But few founders were thinking that way even a decade ago, and almost no brand owns every step of the process of creation, from farm to finished product.

For the consumer in search of a holiday present, that means it is extremely difficult to know, as you browse the shelves looking for the perfect chunky knit or comfortable wrap, whether what you are seeing has been made responsibly, with environmental and social factors in mind.

That’s why, two years ago, Loro Piana, which was bought by LVMH for $2.6 billion in 2013, decided to pin down its processes so that it can now include a garment tag telling potential buyers that “this knitwear has been coming from a bail that was taken in that specific region in that year or that month of that year,” said Fabio d’Angelantonio, the former Loro Piana chief executive (he was replaced in late October by Damien Bertrand). And that bail originated on the backs of that herd.

The project was introduced earlier this year with Loro Piana’s vicuña products and will be extended to include cashmere and baby cashmere, the company’s biggest sellers. Given that the average Loro Piana cashmere sweater will be touched by approximately 100 hands in at least three countries as it makes its way from Mongolia to Italy to its final store, and involve more than 13 different processes over a period of 18 months to two years, that was no small undertaking.

Arguably such traceability was possible only because the luxury brand has the … well, luxury, of knowing its herders — it has been sourcing, spinning, weaving and finishing cashmere since 1924 — and because its extremely well-heeled customers are willing to pay for the information. And Loro Piana is gambling that increasingly it will be part of the fashion value proposition. That each physical gift should also bring with it the gift of knowledge.

In place of trickle-down economics, think of it as trickle-down transparency. Here’s how it begins.


At the beginning of spring, cashmere collection begins in Inner Mongolia in northern China and in Mongolia. In many cases, the herders have worked with Loro Piana for generations. The process occurs only once a year.

The goats have nature to thank for their annual buzz-cut. Cashmere goats are double-coated animals, which means they produce two kinds of hair: external and underfleece. The underfleece protects goats from the extreme cold temperatures in the region and starts to grow in September and October, when temperatures begin to drop. By May, the underfleece has grown to its fullest potential and is ready to be collected by the herders. The goats are not losing much — the fleece would fall off naturally.

Fun fact: All cashmere is wool, but not all wool is cashmere. Wool is a catchall term used to describe the soft undercoat of some animals (sheep, alpaca, goats, etc.). Cashmere refers specifically to the highly prized fiber of cashmere and some other breeds of goats.”

Across the region, ranchers like Ha Si Ba Gen earn a living raising and herding goats. The country of Mongolia produces a third of the world’s cashmere, and the luxury fabric accounts for 40 percent of the country’s nonmineral exports.

Animal and labor conditions are audited by “accredited third parties,” a representative of Loro Piana told The Times. After all, as Mr. d’Angelantonio, the former chief executive of the company, said, it was in everyone’s best interest to maintain excellent conditions. “The wool of a happy sheep is a better wool than a very stressed sheep,” he said.

When the haircuts are over, herders typically sell the wool to a third-party collector, who will then sell the materials — a mix of cashmere wool from dozens, if not hundreds, of local farms — to various brands. In this case, the cashmere is delivered to Alashan Zuo Qi Dia Li Cashmere in Inner Mongolia, a third-party “cooperation” partner in the Loro Piana production chain since 2005. There the wool is cleaned and inspected.

Though Loro Piana had explored building its own facilities in Inner Mongolia, it has instead formed long-term relationships with local partners. A representative of the company explained that it has sought a production facility in China suited to its specific needs, but the difficulties of operating there as a foreign company have proved insurmountable. As a result, Alashan Zuo Qi Dia Li Cashmere plays a key role in the creation of Loro Piana garments, taking responsibility for the first round of cleaning before the wool even leaves the area.

From there, the cleaned cashmere is trucked to Beijing or Ulaanbaatar, the capital of Mongolia, for strenuous quality-control testing. Keen eyes check for the occasional dark hair hidden in the white wool. (These hairs cannot be dyed and are harder to spot and remove later on.) Then the bales of cashmere are transported to a laboratory in Roccapietra, Italy, (population: 646) for yet another round of quality control.

Next stop: the Loro Piana factory in Quarona, Italy, which was founded by the Loro Piana family in 1924. The lots (an industry measurement) of cashmere are transferred to a blending machine, which opens up the fibers and lays them flat for the first time. This process allows for easier manipulation.

After getting carded (disentangled and cleaned), the fibers are loaded into a spinning machine. Simply put, this is where the fibers become yarn and the yarn becomes fabric.

Now the yarn is ready to take on some color. Loro Piana uses exclusive formulations of dyes for its garments.

Actual garments are finally ready to be constructed, a process that is usually performed by state-of-the-art knitting machines. Once the garments are finished, they are inspected by expert eyes. Finally, they are packed up to be distributed to Loro Piana’s 178 physical stores, e-commerce channels and various retail partners.

The time span between collecting a baby goat’s underfleece and a sweater landing on a store shelf is up to two years. Officials at Loro Piana estimate that more than a hundred hands can play a role in the creation of one garment. A Loro Piana cashmere sweater typically starts at $1,000, and more complicated designs cost between $2,000 and $3,000. And the goats grow out their hair again.

Go Fashion, IIFL Finance, HFCL, Raymond, More

The Indian stock market shifted into a consolidation on Thursday’s session after showing a sharp upside move in the last couple of sessions.

NSE Nifty 50 gained 47 points and closed at 17,516 levels whereas BSE Sensex went up 157 points and closed at 58,807 levels. According to market experts, these patterns indicate chances of minor downward correction or consolidation is likely in the coming session.

Here are stocks that investors should watch out for today, as per Moenycontrol and The Economic Times.

Star Health and Allied Insurance: The Rakesh Jhunjhunwala backed insurance company will be listed on the bourses on Friday. The IPO of the company was open for subscription between November 30 – December 2 in the fixed price range of Rs 870-900 apiece to raise Rs 6,400 crore.

Go Fashion India: SBI Mutual Fund acquired 15 lakh equity shares in the company at Rs 1,172 per share, however, India Advantage Fund S4 I sold 15 lakh shares at the same price on the NSE, the bulk deals data showed.

IIFL Finance: An affiliate of Fairfax Financial Holdings offloaded shares worth nearly Rs 313 crore in IIFL Finance through an open market transaction.

Kalpataru Power Transmission: ICICI Prudential Mutual Fund bought 44.5 lakh equity shares in the company at Rs 378 per share, however, Kalpataru Properties sold 44.5 lakh shares in the company at Rs 378 per share on the BSE.

Raymond: JK Files & Engineering has filed a DRHP with SEBI for IPO with OFS for Rs 800 crore.

Ujjivan Small Finance Bank: The private lender said it has raised interest rates on deposits across various tenures. For the general citizen up to 60 years, the bank will now offer an interest rate of 6.6 per cent for deposits for tenures of 19 months, one day to 24 months. For 12 months tenure, the interest rate has been increased to 6.5 per cent.

Adani Total Gas: Olivier Sabriã has been appointed Additional Director (Non-Executive, Non-Independent).

Sequent Scientific: Infinity Holdings sold 1,46,85,986 equity shares in the company at Rs 157.02 per share on the BSE, the bulk deals data showed.

Karur Vysya Bank: The private sector lender informed the stock exchanges on the appointment of Ramshankar R as its next Chief Financial Officer (CFO). The appointment will come into effect from February 10, 2022,

HFCL: The company closed the qualified institutional placement issue and raised Rs 600 crore by allocating 8,72,72,727 equity shares at an issue price of Rs 68.75 per equity share.

JMC Projects (India): The company has approved the issuance of unsecured, rated, listed, redeemable non-convertible debentures of Rs 99 crore on a private placement basis.

How fashion mogul Peter Nygard’s sons helped his alleged sexual assault victims

When supermodel Beverly Peele’s son Trey Peele was 11, his mother told him something shocking about his father.

The sexual encounter she had had a decade prior with fashion mogul Peter Nygard that led to his birth was not consensual, she said. Nygard had raped her, according to Beverly Peele.

It was a secret she had kept from almost everyone else. In 2020, as other allegations of sexual misconduct mounted against Nygard, Trey Peele urged her to go public with it.

“I was like, ‘Mom, we need to speak up about it,’” Trey Peele, now 18, told “Dateline NBC” in an exclusive interview. 

“I think I’m OK with it as long as you’re OK with it,” he said to her. “‘And we could just go through this together.’”

Peter Nygard seen at Fame and Philanthropy’s Celebrates the 86th Academy Awards on March 2, 2014 in Los Angeles.Arnold Turner / Invision/AP file

Nygard has been charged in a nine-count federal indictment and faces lawsuits filed by dozens of women and girls who accuse him of sex trafficking and sexual assault spanning several decades. He has denied any wrongdoing.

In a “Dateline NBC” special, his accusers allege they were drugged and assaulted by Nygard, his employees say they were silenced when they tried to speak out about what was happening, and another son expresses the relief he feels now that his father is facing justice.

Many of Nygard’s alleged assaults took place at Nygard Cay, his estate in the Bahamas.

Nygard threw what he called “pamper parties” at the sprawling beach property, said former employees. These were gatherings for aspiring models to relax and mingle; Beverly Peele, who was the face of his fashion line, said Nygard liked having her there. 

She said she didn’t like the parties, certain they were just a way for him to find women to sleep with.

What she didn’t know was that women at the parties were allegedly attacked like she had been. Shortly after she signed her modeling contract, she says, Nygard followed her into the bathroom at his California beach house and raped her.

Once inside the parties, Nygard would have “somebody targeted,” said attorney Greg Gutzler, who is representing dozens of accusers in a class action lawsuit against Nygard.

“He would order up what he called the ‘happy juice’” with his bartender, Gutzler said. “He had somebody targeted, he knew exactly what he wanted, so he would have them make the ‘happy juice,’ which was the date-rape drug.”

‘All of a sudden, I just wasn’t functional anymore’

Such claims were not limited to the parties he threw.

Maridel Carbuccia was Nygard’s treasurer and says a few months into working for him, he offered her something to drink. After a couple sips, her vision became fuzzy and she couldn’t feel her hands, she said. 

“All of a sudden, I just wasn’t functional anymore,” she said. “I couldn’t get up. He was just on top of me. And I kept trying to push away. I was like, ‘Peter, get off me. What are you doing?’”

Dana Neal, a former recruitment and retention manager, was among Nygard’s employees who quit and then tried to speak out about what he saw, talking to reporters about the fashion executive. When he did, Nygard sued him for breaching his employment agreement. 

The alleged attacks expanded beyond employees and aspiring models and left deep emotional scars. Jenny Gilmer was a 19-year-old tourist in the Bahamas in 1998 when she was invited to play tennis on Nygard’s estate. He extended an invitation for her to stay at the property. While having drinks with other guests, she started to feel dizzy and weak. She says Nygard assaulted her again and again.

“It altered my decision-making through life — relationships, depression,” she said. 

During one of the assaults, Gilmer said, Nygard’s son Kai, a teenager at the time, was knocking on the door, looking for his father. Gilmer said she kept silent, more concerned about him than herself.

“For him to find out what kind of person his dad really is?” she said. “I felt way worse for him than I did for me at that moment.”

Kai — who has legally changed his last name from Nygard to separate himself from his father and now uses Bickle, a name that honors his mother’s family — is part of the efforts to investigate Nygard.

“It’s quite a whirlwind from, in your mind, believing that Peter Nygard, my father, was this flamboyant entrepreneur, hardworking businessman,” he said, “and then to find out that behind the scenes, he’s actually a monster.”

Accusers, empowered by the #MeToo movement, filed lawsuits against Nygard, including Carbuccia in January 2020 and then Gutzler’s class action lawsuit, which Beverly Peele joined. Along the way, Bickle has helped Gutzler gather evidence against his father. 

Nygard was arrested in December 2020 in Winnipeg, Canada. The day after being charged in a federal indictment in the United States, he agreed to be extradited to the U.S.

He was also charged with sexual assault in Canada.

While it has taken years for the stories about Nygard’s actions to come to light, Bickle is confident that he will now face justice.

“That’s a big weight off my shoulders,” he said. “He’s not going to be able to hurt anybody else.”

Kim Kardashian West thanks Kanye West in People’s Choice Awards fashion icon speech

Kim Kardashian West thanked Kanye West for his role in her journey to becoming a fashion icon during the 2021 People’s Choice Awards Tuesday night.

The show, which hands out countless awards in different categories such as film, television, animation, music and social media, honored the “Keeping Up With the Kardashians” star by making her the fashion icon of 2021.

Before she took the stage at the award ceremony, Kardashian West was introduced by Tracee Ellis Ross, the previous fashion icon recipient, who narrated a tribute video showcasing some of the entrepreneur’s most unforgettable looks. 

Then, Kardashian West walked onto the stage wearing an all-black ensemble, complete with a skin-tight dress, stilettos, tights and matching sunglasses. 


Kim Kardashian West on stage accepting her fashion icon award.Christopher Polk/E! Entertainment / NBCUniversal

“Oh my gosh to be receiving this award from a fashion icon herself, Tracee, I am so honored,” the reality television star gushed before continuing her speech.  

“I am honestly so humbled to be here,” she shared. “I started off as a closet organizer and a stylist, so the fact that I am winning a fashion icon award — it’s like a pinch-me moment. I have those every single day that designers are willing to work with me.”

Prior to Kardashian West becoming a household name, the entrepreneur got her start as Paris Hilton’s stylist. During her speech, she recalled a time when designers were not willing to collaborate with her. She specifically thanked designer Zac Posen for inviting her to her first Council of Fashion Designers of America Awards years ago.  

She joked that some designers started to support her after they were probably “talked into it by getting a call from Kanye (West).” 

“Thank you to Kanye, even, for really introducing me to the fashion world,” she added as the crowd cheered. 

Kardashian West filed for divorce from West in February. They share four children together: North, 8, Saint, 6, Chicago, 3, and Psalm 2. 

Toward the end of her speech, she explained, “I fell in love with fashion and I’m so inspired by so many people. This is like a dream that I get to wake up and wear these amazing clothes and try new things.”

After saying she was humbled by the recognition, Kardashian West encouraged her fans to “take a risk.”

In the introduction package, Ross perfectly summed up Kardashian West’s style by calling it risky, bold and sometimes risqué.

The Skims founder typically makes her most daring fashion statements at the Met Gala each year. 

When she attended the event for the first time in 2013, she walked hand-in-hand with her then-boyfriend, West, down the Metropolitan Museum of Art steps wearing a floral Givenchy dress. 

Kim Kardashian West and Kanye attend the 2013 Met Gala.
Dimitrios Kambouris / Getty Images

To showcase the theme of “Heavenly Bodies: Fashion & The Catholic Imagination” at Met Gala in 2018, Kardashian West rocked a skin-hugging, slinky gold gown that featured crosses. 

Kim Kardashian West at the “Heavenly Bodies: Fashion & The Catholic Imagination Costume Institute Gala” at The Metropolitan Museum of Art on May 7, 2018. Neilson Barnard / Getty Images

 To the 2019 Met Gala, the reality star donned a wet look by Thierry Mugler in honor of the theme “Celebrating Camp: Notes on Fashion.”

Kanye West and Kim Kardashian West at the 2019 Met Gala on May 6, 2019 in New York City.James Devaney / GC Images

Most recently, Kardashian West took her unique Met Gala looks a step further by attending the September event wearing a Balenciaga ensemble that completely covered her body in black fabric, from head to toe. 

Kim Kardashian West made headlines for this all-black look from Balenciaga at the 2021 Met Gala.Taylor Hill / WireImage

There’s no denying that Kardashian West definitely listens to her own advice and “takes a risk” when it comes to fashion.