BANGKOK: Two more State Railway of Thailand (SRT) employees involved in train operations have tested positive for drug use and were immediately suspended from safety-related duties, as the agency expands proactive drug testing following a fatal collision between a freight train and a bus in Bangkok on May 16.
Models walk on the runway at the Giambattista Valli Spring/Summer 2025 haute couture show in Paris. Photo: AFP Artemis, the holding company behind Gucci owner Kering , has agreed to sell its majority stake in Giambattista Valli to the Italian luxury brand's founder, as it presses ahead with a disposal drive targeting underperforming investments.
The Pinault family vehicle has been grappling with high debts following a string of acquisitions amid a global downturn in luxury spending. In January, it sold a 29% stake in Puma to China's Anta Sports Products for €1.5bil . Artemis did not disclose the value of the Giambattista Valli deal. A 2025 filing in France showed the brand's share capital was €1.1mil .
"After years of exciting collaboration, a new chapter is beginning in this entrepreneurial venture," Artemis president Francois-Henri Pinault said of the brand. Designer Giambattista Valli appears at the end of his Autumn/Winter 2023 women's ready-to-wear collection show during Paris Fashion Week. Photo: Reuters Giambattista Valli dresses typically retail from about US$2,000 , though many are now heavily discounted on ecommerce sites such as Farfetch and Mytheresa.
The Italian label, known for its airy floral styles, is facing financial strain as demand falters for high-end fashion, along with peers including Valentino and Dolce & Gabbana. In January, Valli cancelled its Paris haute couture show at short notice, citing an in-depth review of its business.
"This agreement now allows me to regain full control of my brand and to continue developing it with enthusiasm and energy," designer and founder Giambattista Valli said in a statement on Wednesday . – Reuters
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