Agenda-setting intelligence, analysis and advice for the global fashion community.
Last week, LVMH said 3Q fashion sales returned to double-digit growth
Hermès also returned to growth, rising 7 percent
Kering's Gucci sank 9 percent, smaller Bottega Veneta jumped 21 percent
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Protestors targeted public buildings, looted luxury boutiques and supermarkets and attacked police vehicles and officers in demonstrations against rising cost of living.
Financial results from Hermès, Kering, Prada and others will test the resilience of luxury’s biggest brands as US consumer spending shows signs of slowing and demand in China remains weak.
The Chinese designer won the grand prize for her airy, sculptural pieces at the 41st edition of the festival, which is undergoing a revamp under new leadership.
The move, which was facilitated by Jean Arnault, comes as Hublot undergoes a repositioning in a bid to reignite sales.
