Luxury’s Summer of Muddling Through
This week’s LVMH and Kering results suggest a fragile recovery is underway in the face of sluggish Chinese demand, succession drama, wildfires and heat waves.
Luxury fashion weeks continue to be a significant event in the global fashion community, with a focus on sustainability and community engagement. The latest edition of the summer show showcased the return of regional favorites Marimekko and By Malene Birger, the debut of Collina Strada, and a continued emphasis on community engagement, which has cemented it as one of the most influential regional fashion weeks in the industry.
In other news, LVMH's fashion and leather goods division has returned to growth for the first time in nearly two years, with Dior being one of the highlights. This comes after Jonathan Anderson spoke to Imran Amed about his ambitious plans to revamp the house before any of his designs had even reached a shop. The success of these designer revamps has sparked debate about the viability of logo-free luxury and whether it can maintain its position at the top of the market.
Meanwhile, LVMH and Kering reported their Q2 earnings, adding to the ongoing conversation about the state of the global luxury fashion sector. In geopolitical news, the French presidential race continues to be a topic of interest, with implications that may extend beyond the borders of France to impact the luxury fashion industry as well.
Written by urgent.news from Business of Fashion's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
