Fashion
Moët Hennessy in legal dispute with former CFO over NDA breach
By
Bloomberg
Published
October 1, 2025
Moët Hennessy and its former finance chief are embroiled in a legal dispute after the drinks company accused him of violating a non-disclosure agreement by allegedly leaking internal information related to a sexual-harassment case.
Mark Stead signed the NDA in July 2024 as part of a settlement agreement following his dismissal for alleged expense abuses, including a stay at a luxury hotel in New York. The settlement included severance benefits and required Stead to adhere to strict confidentiality and non-disparagement terms.
The company has since alleged that Stead provided confidential details to news outlet La Lettre in relation to its handling of a complaint filed by Maria Gasparovic, a former colleague and senior manager. During a hearing in Paris on Friday, Moët Hennessy’s legal representative claimed that the September 2024 article published by La Lettre contained information that could only have come from Stead.
Stead’s attorney, Eric Charlery, denied the allegations and described the dismissal as “a ploy,” arguing that the legal proceedings were intended to punish Stead for supporting Gasparovic. Charlery has asked the court to annul the NDA, which he claims prevents his client from speaking out about the harassment allegations affecting his partner. Stead is also pursuing claims for unfair dismissal and damages, with a total compensation request that may exceed €4 million ($4.7 million).
Charlery stated that Moët Hennessy escalated the situation by publicly accusing both Stead and Gasparovic in La Lettre of attempting to blackmail the company into a larger financial settlement. He argued that the accusation damaged Stead’s reputation and constituted a breach of the settlement’s non-disparagement clause.
“Mark Stead is now a pariah,” Charlery told the tribunal. “When a company run by Bernard Arnault accuses you of blackmail, word gets around.”
Moët Hennessy initially filed a lawsuit seeking €135,000 from Stead for breaching the settlement. The company has also filed a defamation complaint against Gasparovic.
The case comes amid a series of legal disputes at LVMH Moët Hennessy Louis Vuitton SE, the parent company of Moët Hennessy. The group has undergone a management reshuffle and staff reductions. In a separate case, a former digital sales executive recently sought €1.7 million in damages, alleging that he was dismissed for reporting sales to Russia that evaded sanctions. Gasparovic is also pursuing her own legal action against the company, which has, in turn, filed a defamation countersuit.
Charlery said that Stead had agreed to the NDA “to have peace,” but noted that the conflict has continued and Stead is now facing difficulties finding a comparable senior finance role.
LVMH did not respond to a request for comment. Charlery declined to comment further outside the courtroom. A ruling in Stead’s case is expected on Nov. 19.
The number of unemployed people fell by 17,000, while employment expanded by 42,000. More jobseekers moved directly into employment than is typical for October, lifting full-time employment sharply by 55,000. Both women and men contributed to these gains, with female full-time employment rising by 29,000 and male full-time employment by 26,000, ABS said in a press release.
Australia’s unemployment rate fell to 4.3 per cent in October as 42,000 people gained jobs and unemployment dropped by 17,000.
Strong full-time growth, especially among women, outweighed a fall in part-time roles.
Participation held at 67 per cent, while hours worked rose 0.5 per cent.
Underemployment edged down to 5.7 per cent.
Trend unemployment rate stood at 4.4 per cent.
Part-time employment fell by 13,000, driven primarily by a 21,000 drop among women, partly offset by an 8,000 rise among men. The participation rate held steady at 67 per cent overall, although it diverged by gender: male participation increased to 71 per cent, while female participation slipped to 63.1 per cent. The employment-to-population ratio remained stable at 64 per cent.
Hours worked rose by 0.5 per cent—outpacing the rise in employment—indicating stronger labour demand and fewer people working reduced hours. The underemployment rate dropped to 5.7 per cent, down 0.2 percentage points for the month and 0.5 percentage points from a year earlier. Combined with lower unemployment, the underutilisation rate dipped to 10.0 per cent, continuing its steady improvement since 2020.
Trend data reaffirmed this resilience, with trend unemployment holding at 4.4 per cent. Trend unemployment is the jobless rate shown without short-term fluctuations, giving a clearer picture of the labour market’s real direction.
Trend employment grew by 27,000 (0.2 per cent) in October and 1.5 per cent over the year. Monthly hours worked rose by 0.1 per cent in trend terms, slightly lagging employment growth but remaining broadly consistent with long-term patterns. Trend participation edged up to 67 per cent, while the employment-to-population ratio stayed at 64 per cent. The trend underemployment and underutilisation rates were steady at 5.8 per cent and 10.1 per cent respectively, added the release.
Fibre2Fashion News Desk (SG)
Published
November 18, 2025
Pinterest’s operations in the UK, Ireland, France, Italy, and Spain have been entrusted to Beth Horn, who has been appointed as the social network’s Vice-President for Southern Europe.
Beth Horn previously served as business director for the UK market. She joined Pinterest in June 2024, having earlier served as director of sales at Spotify, and she spent twelve years at Meta, where she held director roles across industry, retail, and commerce.
“As we step up our international efforts, Beth will draw on her extensive experience to advance our strategy,” said Cécile van Steenberge, the company’s international vice-president. “Her proven ability to bring teams together and deliver results for our advertising partners puts us in an ideal position for the next stage of our growth. For the ninth consecutive quarter, our audience continues to grow. We will remain committed to showcasing what makes Pinterest unique to brands and attracting them to the platform.”
The group says the appointment comes after a 41% jump in revenue. In the third quarter, nearly 83% of users of the inspiration-focused social network were outside the US.
Launched in 2010 in San Francisco, Pinterest now claims half a billion monthly active users. Two years ago, the group launched a charm offensive aimed at luxury brands, highlighting its young, affluent audience.
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Dollar Industries has reported a strong Q2 FY26 with total income up 5.6 per cent to ₹47,329 lakh (~$53.34 million) and gross profit rising 9.6 per cent.
Operating EBITDA jumped 23.3 per cent, while PAT grew 32.7 per cent.
A major milestone was the proposed merger of nine promoter group companies, consolidating brand ownership and strengthening long-term strategic alignment.
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