Miscellaneous

🏦 Kering plans to close over 100 stores by 2026, primarily affecting Gucci. This decision follows the "Phoenix Directive" from two months ago, advocating for an exit from Gucci outlets. The closures aren't due to underperformance but rather to protect brand integrity from discounted sales. The strategy is viewed as a survival measure rather than a rescue. Fouad Elkoreichi suggests that Kering needs sovereign capital, possibly from Saudi Arabia or Abu Dhabi, to regain financial stability and avoid vulnerability.

✈ Lufthansa's new business class on their A350 features 5 outside cameras. At JFK Terminal 1, passengers can experience fast-track services. Vinod enjoyed flying on an Air Canada A330. JetClock offers a unique flight tracker for your desk. Paul suggests Air Canada add Lesley Stowe Raincoast Crisps onboard. JetClock and other links are available on the Layovers podcast's website and social media platforms.

🏠 Carolyn Bessette-Kennedy's auction features 25 pieces, including Prada coats, on display in Chelsea, Manhattan, this weekend. Osaka's Grand Ring, post-Expo 2025, is being repurposed by Japan, with dismantling since December, using regional timber. Steinberg Hart designs California "agrihoods" for sustainable living. Bjarke Ingels Group faces criticism for layoffs in London, with calls for union recognition. Curioso and Grupo Habita win Hospitality Design awards, with honors on May 5th in Las Vegas.

📈 Tripadvisor faces a business model issue, not an AI problem. The platform has consistently lost traffic and fails to reward content creators, unlike YouTube or X, which share revenue with creators. Despite possessing vast user-generated content and advertiser relationships, Tripadvisor has not activated a creator monetization strategy. For real relevance, platforms should compensate those generating value. Competitors like Viator pay creators, but Tripadvisor has yet to implement such a model.