The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
PARIS, France — LVMH eased fears that an economic slowdown in China would hit sales of luxury items, reporting accelerating global demand for the French conglomerate's fashion and leather goods.
Fourth-quarter sales rose 9 percent on an organic basis, the maker of Louis Vuitton bags and Dom Perignon Champagne said Tuesday after Paris markets closed. Analysts had predicted 8.7 percent growth.
Meanwhile, wine and spirits division saw "good momentum" in China and growth in Europe, US, despite supply constraints.
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By Robert Williams; editors: Eric Pfanner, John J. Edwards III and John Lauerman.
IWC’s chief executive says it will keep leaning into its environmental message. But the watchmaker has scrapped a flagship sustainability report, and sustainability was less of a focus overall at this year’s Watches and Wonders Geneva.
The larger-than-life Italian designer, who built a fashion empire based on his own image, died in Florence last Friday.
This week, designers, collectors and major fashion brands will flock to Milan’s design fair. Also, LVMH reports first-quarter sales.
The Italian designer, best known for vibrant animal prints and sand-blasted denim, was 83.