Hermès’ market value surpasses LVMH, which once tried to acquire it

By Bloomberg Published April 15, 2025 Hermès‘market capitalization surpassed that of rival LVMH, the conglomerate that once tried to buy the maker of the coveted Birkin bag in a stealth raid that shocked the French corporate world 15 years ago. Hermès overtakes LVMH in value—years after fending off takeover attempt. – Reuters Hermès International SCA’s […]

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Dior shows fall fashion collection in gardens of ancient Kyoto temple

By Reuters Published April 15, 2025 Dior creative director Maria Grazia Chiuri showed her fall fashion collection of loose, minimalist styles in the garden of the Toji Temple in Kyoto on Tuesday night. Reuters Models walked down a broad, pebbled path and over a footbridge, parading long overcoats and dresses in mostly sombre colours, some […]

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Luxury industry’s ‘Trump boost’ was very short-lived

By Bloomberg Published April 15, 2025 The mini bling boom since the turn of the year is well and truly over. On Monday, LVMH reported first-quarter sales that missed expectations. No division generated growth. Each one underwhelmed. The crucial fashion and leather goods unit reported a 5% decline in sales, excluding currency movements, far below the 0.6% slide […]

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Jean Paul Gaultier names Duran Lantink new permanent creative chief for RTW, couture

Jean Paul Gaultier is gearing up to make a bigger impact on both ready-to-wear and couture with owner Puig naming Duran Lantink as its permanent creative director. Duran Lantink. Photo by Walter Pfeiffer – DR The new creative chief’s first RTW collection for the label will be for SS26, showing in September. The equivalent couture […]

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LVMH reports 3% sales decline in Q1 2025

By Reuters Published April 14, 2025 LVMH, the world’s largest luxury group, reported a 3% drop in first-quarter sales on Monday, missing expectations and confirming a broader sector slowdown as shoppers pulled back on designer fashion amid a volatile economic climate. LVMH misses Q1 targets as fashion and leather goods weaken. – LVMH The French […]

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Billionaire Prada clan succession plan bolstered by Versace deal

By Bloomberg Published April 13, 2025 For decades, the fiercely independent Prada SpA Chairman Patrizio Bertelli talked about the need for Italian fashion houses to acquire size and scale to take on sprawling industry behemoths like LVMH and Kering SA and also avoid being gobbled up by them.  See catwalkVersace – Fall-Winter2025 – 2026 – […]

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Italy’s jeans mogul Renzo Rosso is still hungry for deals — even after Versace setback

By Bloomberg Published April 13, 2025 Renzo Rosso, the Italian fashion mogul who made his name as the founder of Diesel jeans, is on the lookout for new deals — even after a setback in his bid to buy the Versace brand. See catwalkDiesel – Fall-Winter2025 – 2026 – Womenswear – Italie – Milan – […]

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SMCP names Kleine Tan new Asia CEO

French fashion giant SMCP announced on Friday the appointment of Kleine Tan as CEO of the firm’s Asia region, effective April 1. Kleine Tan – SMCP Tan succeeds Jimmy Lam, who has decided to pursue new opportunities outside the group, which owns the Sandro, Maje, Claudie Pierlot, and Fursac brands. “I am delighted to join SMCP. […]

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Capri aims to revive Michael Kors with lower prices, Amazon e-commerce sales

By Reuters Published April 10, 2025 Capri Holdings may have to let go of its image as a luxury fashion house and bank on mid-tier pricing as well as a partnership with Amazon.com for its Michael Kors brand following its $1.4 billion sale of Versace to Prada. See catwalkMichael Kors – Fall-Winter2025 – 2026 – […]

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Trump’s tariff pause leaves CEOs puzzled about what happens in 90 days

By Reuters Published April 10, 2025 U.S. President Donald Trump‘s sudden about-face on sweeping import tariffs did little to soothe companies’ worries about the fallout from his trade war and its chaotic implementation: soaring costs, falling orders and snarled supply chains. President Donald Trump – White House In a stunning reversal, the president said on […]

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