French luxury goods group LVMH posted a 27% rise in comparable sales for the fourth quarter, breezing past market forecasts as consumers snapped up high-end fashion and accessories over the holiday season.
The menswear collections for next winter presented in Milan and Paris signalled a return to a chic, comfortable style, redefining silhouettes by means of textures and proportions, with a focus on outerwear.
LVMH is expected to post strong fourth quarter sales on Thursday, following a slate of solid earnings from rivals that showed steadfast demand for high-end fashion and accessories from pandemic-weary consumers.
This Paris menswear season’s big debut was by Nigo at Kenzo on Sunday morning, and the Japanese cult designer’s first collection for the Japanese-born house was certainly made with finesse and a floral flourish.
Missing Armani, the Milan fashion week scheduled on January 14-18 will feature 16 physical shows and 18 digital ones. Among the events, a unique installation in homage to Virgil Abloh at the Louis Vuitton store.