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François-Henri Pinault, Chairman and Chief Executive officer of Kering, announced today that he is joining the global boycott Brunei movement, saying he supports the boycotting of all hotels owned by the Sultan of Brunei. Pinault is the third billionaire to go against Brunei in the gay-stoning saga after Britain's Virgin Group founder Richard Branson and American venture capitalist Haim Saban, and by far the wealthiest of them. According to Forbes, he is the third richest man in France, with a net worth of US$16.1 billion. Adding in Richard Branson (US$5.1 billion) and Haim Saban (US$3.4 billion), the 3 billionaires totaled US$24.6 billion, compared to the Sultan of Brunei's US$20 billion.





France's third richest man, François-Henri Pinault of Kering Group has joined in the boycott against Brunei



Kering is the world's third largest luxury company after LVMH and Richemont. Its best known brands are Gucci and PUMA. The company has 33,000 employees and total revenues in 2013 was 9.75 billion euros (US$13.4 billion), comparatively smaller than Virgin Group (55,000 employees and US$25.3 billion revenues). The GDP of Brunei was US$20 billion. The powerful luxury boss, Pinault, says, "As president of Kering Foundation, which combats violence against women, I firmly condemn the Sultan of Brunei's decision and join the boycott of his hotel properties."



In addition, two other world-famous French designers, Hedi Slimane and Yves Saint Laurent, also criticized the implementation of Sharia law in Brunei. They announced that none of their employees would stay at the Sultan of Brunei's properties until he revoked "such laws and positions that have no place in a civilized society." According to The Wall Street Journal, the boycotts appear to already be having an effect on the Dorchester Hotels. Just by examining the Beverly Hills Hotel in Los Angeles alone, at least 20 events have been canceled, with the loss equates to about US$2 million in revenue for the hotel.





ICM, one of the world's largest creative talent company, says it is boycotting Brunei



The 3 billionaires are joined by ICM Partners, who announced the boycott against Brunei yesterday. ICM says if any of their employees or agents want to stay in hotels owned by the Sultan of Brunei, they better be prepared with their personal credit cards, because their expenses will not be reimbursed by the company. But if they stay in hotels unaffiliated with Brunei, things will go on as usual. ICM Partners is one of the world's largest talent and literary agencies involving in creative and technical talent such as motion picture, television, books, music, live performance, branded entertainment, and new media. It is very influential in the media and entertainment industries.





SOS:



http://www.fashiontimes.com/articles/6716/...els-boycott.htm



http://atthamovies.com/icm-partners-joins-...bel-air-hotels/



http://www.wwd.com/business-news/governmen...Business-latest



http://www.breitbart.com/Breitbart-Califor...ts-brunei-hotel

, Chairman and Chief Executive officer of Kering, announced today that he is joining the global boycott Brunei movement, saying he supports the boycotting of all hotels owned by the Sultan of Brunei. Pinault is the third billionaire to go against Brunei in the gay-stoning saga after Britain's Virgin Group founder Richard Branson and American venture capitalist Haim Saban, and by far the wealthiest of them. According to Forbes, he is the third richest man in France, with a net worth of US$16.1 billion. Adding in Richard Branson (US$5.1 billion) and Haim Saban (US$3.4 billion), the 3 billionaires totaled US$24.6 billion, compared to the Sultan of Brunei's US$20 billion.Kering is the world's third largest luxury company after LVMH and Richemont. Its best known brands are Gucci and PUMA. The company has 33,000 employees and total revenues in 2013 was 9.75 billion euros (US$13.4 billion), comparatively smaller than Virgin Group (55,000 employees and US$25.3 billion revenues). The GDP of Brunei was US$20 billion. The powerful luxury boss, Pinault, says, "As president of Kering Foundation, which combats violence against women, I firmly condemn the Sultan of Brunei's decision and join the boycott of his hotel properties."In addition, two other world-famous French designers, Hedi Slimane and Yves Saint Laurent, also criticized the implementation of Sharia law in Brunei. They announced that none of their employees would stay at the Sultan of Brunei's properties until he revoked "such laws and positions that have no place in a civilized society." According to The Wall Street Journal, the boycotts appear to already be having an effect on the Dorchester Hotels. Just by examining the Beverly Hills Hotel in Los Angeles alone, at least 20 events have been canceled, with the loss equates to about US$2 million in revenue for the hotel.The 3 billionaires are joined by ICM Partners, who announced the boycott against Brunei yesterday. ICM says if any of their employees or agents want to stay in hotels owned by the Sultan of Brunei, they better be prepared with their personal credit cards, because their expenses will not be reimbursed by the company. But if they stay in hotels unaffiliated with Brunei, things will go on as usual. ICM Partners is one of the world's largest talent and literary agencies involving in creative and technical talent such as motion picture, television, books, music, live performance, branded entertainment, and new media. It is very influential in the media and entertainment industries.SOS: