On September 15, French luxury conglomerate LVMH (Moët Hennessy Louis Vuitton) announced its third-quarter results for 2024. Although overall sales reached €19.076 billion (approximately $21 billion), organic sales declined by 3%, falling significantly short of analysts’ expectations.
Fashion
On October 15, Aeffe Spa announced the appointment of Lorenzo Serafini as the new creative director of Alberta Ferretti.
The legendary Victoria’s Secret Fashion Show is making a grand comeback after six years. As the show approaches tomorrow, we’ve compiled all the essential details—from how to watch it to who will be walking the runway and which artists will be performing.
Starting on October 12, a limited-time “CLOT CAFE” pop-up, a collaboration between Edison Chen’s CLOT and adidas, opened in Shanghai.
On October 13, the major shareholder of the British luxury brand Mulberry, operated by the Mulberry Group, issued a statement declaring that it has no intention of selling its shares in response to Frasers Group’s takeover proposal.
Louis Vuitton has recently opened a new store and café, “Le Café Cyril Lignac,” at London’s Heathrow Airport Terminal 2.
On October 10, AMTD IDEA Group, based in Hong Kong, announced that the renowned French fashion magazine L’Officiel has made its full-scale entry into the Japanese market with the launch of L’Officiel Japan.
Viktor & Rolf Mariage unveiled its Fall/Winter 2025 collection, a fusion of modern elegance and avant-garde design.
Kim Jones, who has established a unique position in the fashion world, has announced his departure from Fendi after four years of collaboration to focus solely on his role as the menswear designer at Dior.
On October 10th, Bloomberg reported that Lazada, a subsidiary of Alibaba Group, is partnering with top European fashion brands to achieve $100 billion in e-commerce volume by 2030.