Sarah Burton, Who Designed Kate’s Royal Wedding Dress, to Step Down from Alexander McQueen 

Sarah Burton arrives for the British Fashion Awards 2011 at a central London venue, on Nov. 28, 2011. (AP)
Sarah Burton arrives for the British Fashion Awards 2011 at a central London venue, on Nov. 28, 2011. (AP)
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Sarah Burton, Who Designed Kate’s Royal Wedding Dress, to Step Down from Alexander McQueen 

Sarah Burton arrives for the British Fashion Awards 2011 at a central London venue, on Nov. 28, 2011. (AP)
Sarah Burton arrives for the British Fashion Awards 2011 at a central London venue, on Nov. 28, 2011. (AP)

The fashion designer who created the wedding dress of Kate, the Princess of Wales, is stepping down as creative director at Alexander McQueen after two decades at the brand, luxury group Kering said Monday.

Designer Sarah Burton had led the fashion house since 2010 and previously worked with the brand's founder, Lee Alexander McQueen, for 14 years.

Burton took over as creative director of the fashion house after McQueen took his own life at age 40.

Kering, the luxury group behind brands including Gucci and Saint Laurent as well as Alexander McQueen, said McQueen's spring and summer catwalk show in Paris this month will be the last with Burton at the helm.

Burton was behind the ivory lace wedding gown that the former Kate Middleton wore when she married Prince William in 2011. The elegant gown has since been widely copied and is often named as one of the most popular styles favored by brides all over the world.

Burton was awarded with an Order of the British Empire in 2012 for her services to the fashion industry.

Senior leaders at Kering praised Burton for leaving an “indelible mark” with her vision and creativity.

“She kept and continued Lee’s heritage, attention to detail and unique vision, while adding her own personal, highly creative touch,” said François-Henri Pinault, Chairman and CEO of Kering, in a statement.

The fashion house did not give details about who will replace Burton.



Report: L'Oreal in Talks to Buy Migros’ South Korean Cosmetic Unit

The logo of French cosmetics group L'Oreal is seen on a company building in Paris, France, February 7, 2024. (Reuters)
The logo of French cosmetics group L'Oreal is seen on a company building in Paris, France, February 7, 2024. (Reuters)
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Report: L'Oreal in Talks to Buy Migros’ South Korean Cosmetic Unit

The logo of French cosmetics group L'Oreal is seen on a company building in Paris, France, February 7, 2024. (Reuters)
The logo of French cosmetics group L'Oreal is seen on a company building in Paris, France, February 7, 2024. (Reuters)

French cosmetics giant L'Oreal is in final talks to acquire the South Korean skincare business Gowoonsesang Cosmetics owned by Mibelle Group, a unit of Swiss retailer Migros, according to two sources with knowledge of the deal.

An announcement could be made as soon as Monday, one of the people said.

A spokesperson for Migros said it did not comment on market rumors. L'Oreal did not respond to multiple requests for comment.

Mibelle acquired its stake in South Korean Gowoonsesang Cosmetics, which sells skin care products under the Dr.G brand, in 2018.

In February, Migros announced a strategic review for Mibelle Group, saying it wanted to find a new owner for the business.

Mibelle produces cosmetics for its own brands, including Dr.G, Imbue., Lee Stafford, and Mine, as well as for other brands, according to its website.

Dr.G is the No. 1 facial care line in the Korean dermocosmetics market, according to the Mibelle website.

Spanish investment bank Alantra was hired as adviser after the strategic review, to look for buyers for the business, one of the sources said.

A spokesperson for Alantra declined to comment.

Mibelle employs 1,615 people in five countries, with revenues of 661 million Swiss francs ($739.04)in 2023, according to its website.