TORONTO, Canada — It was a week of truces and reconciliations in the fashion world as luxury conglomerate LVMH settled longstanding disputes with both Hermès and Google.

The denouement between Hermès and LVMH took industry observers by surprise, and seems to signal that LVMH chairman Bernard Arnault has conceded defeat in his quest to one day acquire the prized French luxury brand. Hermès' stock price traded more than 3.5 percent lower following the announcement, as the "takeover premium" speculators built into its stock price was eroded.

In another truce, LVMH settled a dispute with Google, which the company has accused of selling search terms using LVMH brand keywords that surfaced counterfeit items. The agreement "paves the way for greater cooperation towards a safer and more engaging digital environment," said Pierre Gode, vice-chairman of LVMH.

In a sad news development, the luxury industry also bade farewell to former Louis Vuitton chief executive Yves Carcelle, who passed away after a battle with cancer. Known for his indefatigable energy and pioneering vision for taking Louis Vuitton global, Mr Carcelle will be sorely missed.

Have a great weekend and enjoy our top stories from the week:

Former Louis Vuitton CEO Yves Carcelle Has Died at 66
Yves Carcelle, a longtime LVMH executive and former chief executive of Louis Vuitton, has passed away.

Mongolia's 'Cashmere Princess' Expands 1436
From the vast, goat-populated plains of Inner Mongolia, 'cashmere princess' Jane Wang is spinning a winning formula of handcrafted luxury knitwear and strategic business savvy.

Royal College of Art, An Institutional Innovator
Alumni of the Royal College of Art's Fashion Menswear MA programme represent some of the most rigorously creative designers working today. BoF investigates how the programme has paved the way for the emergence of menswear as a creative discipline.

Is Fine Jewellery Set for a Branding Revolution?
The market for fine jewellery, worth $263 billion last year, remains largely unbranded. But the branding revolution that transformed fashion may soon be coming to fine jewellery.

India's New Wave
A new wave of Indian designers is blending traditional craftsmanship with a modern aesthetic to international acclaim. BoF columnist Susanna Lau reports.

Buoyed by Instagram, Idea Books Launches at Dover Street Market NY
With a new Idea Books space set to open today at Dover Street Market New York, co-founder David Owen tells BoF about the Instagram-buoyed success of his little rare book enterprise.

Burberry's Big-Time Bet on Beauty
Today's launch of My Burberry, the British fashion brand's latest fragrance, is just one step in the company's broader plan to tap the beauty category.

Class Action: The Fashion Brands Training Tomorrow's Artisans
Struggling to recruit skilled craftsmen, fashion companies have moved to tackle the deficit, launching new schools to train the next generation. BoF brings you a look at how these brands are preserving their craft, courtesy of Wallpaper* magazine.

And don't forget to check out BoF Weekly, a week in review published with Flipboard and updated every Saturday.

Imran Amed Founder and Editor-in-Chief