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Kering shares soared in early trade as investors and analysts cheered reports that industry outsider Luca de Meo was set to become group CEO.

The late singer's widow, Jane, and the co-trustee of the estate, Richard Mozenter, have filed lawsuits against one another.

Millennials and Gen Zers said they were unimpressed with poor digital offerings or a lack of services and products from their parents' firms.