LVMH Fashion Group

If there was ‘beautiful confusion’ in the mix of cruise and couture the powerhouse designer paraded in Rome on Tuesday night, the standing ovation at the end of the show left little doubt she was saying goodbye to Dior after a transformational near-decade tenure and hello to her next act, resurrecting the storied Teatro della Cometa.

Sales in the Swiss group’s all-important jewellery unit soared 11% in the most recent quarter, making Richemont more resilient than rivals like LVMH in a challenging market for luxury goods.

One Wall Street analyst now expects global sales of luxury goods to fall by as much as 2 percent this year, marking the industry’s longest downturn in over two decades.

The Trump administration’s radical changes to US trade policy won’t push retail prices up enough to directly dampen sales, but the effects on the global economy and consumer sentiment could seriously dent an industry still struggling to bounce back from a sharp downturn in demand.

The tie-up will involve several of LVMH’s houses, including Louis Vuitton, Moët Hennessy and TAG Heuer.

Rider, a top design deputy during Phoebe Philo’s tenure at Celine who left his role at Ralph Lauren earlier this year, will oversee all collections at the LVMH-owned house from early 2025.

The star designer is departing the Parisian fashion house after months of thorny contract negotiations. During his tenure, Slimane more than doubled Celine’s annual sales to nearly €2.5 billion.

The struggling luxury-streetwear pioneer will join Bluestar's stable of brands, including names like Tahari and Scotch & Soda.

Remo Ruffini is tightening his control of the outerwear specialist after striking a deal with LVMH, which will take a stake in the Ruffini investment vehicle that is Moncler’s biggest shareholder.

LVMH Fashion Group’s managing director Pierre-Emmanuel Angeloglou will add CEO of the Roman brand to his responsibilities, according to an internal announcement.