Shares in LVMH fell in early trading on Wednesday even as its fashion and leather goods unit did better than expected in Q3, with the broader luxury sector also rattled by lingering fears of a Chinese slowdown.
A standout performance by LVMH’s fashion and leather goods business boosted third-quarter sales growth, it said on Tuesday, offering an encouraging sign for a luxury goods sector gripped by fears of a slowdown in China.
After 30 days of shows that began on the Bund in Shanghai with Tommy Hilfiger and ended in Paris in the Louvre with Louis Vuitton, we rate the 12 most beautiful and influential shows of the international season.
Looks like Nicolas Ghesquière may, finally, be about to open his own fashion label. Though perhaps not next season. This weekend on French TV, he suggested creating his own brand was “much closer to reality.”
Luxury’s strength was prominent in the latest Interbrand ranking of the Best Global Brands Thursday, but even the biggest names couldn’t rival digital when it came to the brands that are key for consumers.
The head of Gucci has reassured shop staff over a looming slowdown in the pace of sales growth after a revenue explosion at the Kering-owned label, according to an internal video message seen by Reuters.