Artemis

François Pinault’s holding company has completed a deal to acquire full ownership of the French house.

Patricia Barbizet, who helms the Pinault family’s investment arm, is stepping aside in a move that speeds the changing of the guard atop the French luxury-goods industry.

Last week, Artémis, the mega holding company of the Pinault family, announced that it has acquired a minority stake in Giambattista Valli. But why didn’t Kering just make the investment itself?

In today's News Bites, Lucky Blue Smith joins the IMG roster, while Artémis secures a minority stake in Giambattista Valli.