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Brokerage TD Cowen lowered its U.S. holiday spending estimate to 2% to 3% growth, from 4% to 5%, as it forecast flat Black Friday traffic. With many consumers squeezed by persistent inflation and high interest rates, U.S. holiday spending is expected to rise at the slowest pace in five years. A record 130.7 million people are expected to shop in stores and online in the U.S. on Black Friday this year, the National Retail Federation (NRF) estimates. In France, Italy, and Spain, most shoppers planned to buy clothing on Black Friday, with electronic goods coming second, according to a PwC survey. Thanksgiving Day discounts online peaked at about 28% for toys, while electronics had discounts as steep as 27%, Adobe said.

Persons: Shannon Stapleton, Cowen, Theresa Forsberg, “ It’s, ”, Jill Lizzo, she’s, “, I’m, Lizzo, PwC, hasn’t, Naomi Ojomo, Jeff Gennette, Barbie, John Roberts, Apple AirPods, Bergdorf Goodman, Nordstrom, Oscar de, Katherine Masters, Arriana McLymore, Helen Reid, Mimosa Spencer, Corina Pons, James Davey, Siddharth Cavale, Arriana, Deboarh Sophia, David Gaffen, Miral Fahmy, Nick Zieminski, Frances Kerry Organizations: Black, REUTERS, Shoppers, National Retail Federation, Insider Intelligence, Barclays, Macy's, Adobe Analytics, Adobe, Walmart, Argos, PlayStation, Apple, Thomson Locations: Westbury , New York, U.S, RALEIGH, N.C, New Milford , Connecticut, . U.S, Harlem, Manhattan, France, Italy, Spain, Zara, Canary Wharf, London, British, Paris, Madrid, New York, Raleigh , North Carolina, Bengaluru

☆ Retailers hope to draw picky Black Friday shoppers to stores
▼ + stars: | 2023-11-24 | by ( Katherine Masters | ) www.reuters.com time to read: +5 min

Originally known for crowds lining up at big-box stores in the U.S., Black Friday has moved online and gone global. In France, Italy, and Spain, most shoppers planned to buy clothing on Black Friday, with electronic goods coming second, according to a PwC survey. On average, shoppers in France expected to spend 295 euros ($322) on Black Friday, the survey found. Most U.S. stores were closed on Thanksgiving but opened to shoppers at 5 a.m. or 6 a.m. on Friday. In post-earnings calls this week, retailers from Kohl's (KSS.N) to Nordstrom (JWN.N) told investors they had invested in jackets, cashmere sweaters and Ugg boots to lure Christmas shoppers after an unseasonably warm October.

Persons: Shannon Stapleton, Jessica Ramirez, Jane Hali, Jeff Gennette, Mari Shor, Bergdorf Goodman, Nordstrom, Oscar de, ” Nordstrom, Pete Nordstrom, Katie Wyle, Katherine Masters, Mimosa Spencer, Helen Reid, James Davey, Josie Kao, Miral Fahmy, Frances Kerry Organizations: Black, REUTERS, Retailers, Associates, National Retail Federation, Insider Intelligence, Barclays, Macy's, The New York Police, Nordstrom, Walmart, Columbia Threadneedle Investments, Westfield, Thomson Locations: Westbury , New York, U.S, Europe, France, Italy, Spain, Amazon, Israel, New York City, Kohl's, Mall, Britain, Westfield, Paris, London

☆ LVMH heir Antoine Arnault in spotlight after management shuffle
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

Antoine Arnault, 46, is also in charge of image and environment at LVMH, and credited with negotiating a high-profile deal for the company to sponsor next summer's Paris Olympic Games. He will remain chairman of Berluti, which he has managed since 2012, as well as another LVMH fashion brand Loro Piana. Jean-Marc Mansvelt, CEO of historic jewellery label Chaumet, will become CEO of Berluti, while Charles Leung, CEO of jewellery label Fred, will become CEO of Chaumet. The group will seek a successor for Leung, who recently created buzz by introducing high-end jewellery featuring lab-created diamonds. Reporting by Mimosa Spencer; editing by Jason Neely and Jane MerrimanOur Standards: The Thomson Reuters Trust Principles.

Persons: Antoine Arnault, Du, Bernard Arnault, Berluti, Maison, Toni Belloni, Jean, Marc Mansvelt, Charles Leung, Leung, Bernard Arnault's, Delphine Arnault, Dior, Mimosa Spencer, Jason Neely, Jane Merriman Organizations: LVMH, Olympic, Thomson Locations: Paris, PARIS, LVMH

☆ Fewer shoppers in Burberry stores complicates design overhaul
▼ + stars: | 2023-11-17 | by ( Mimosa Spencer | ) www.reuters.com time to read: +5 min

With fewer shoppers heading to Burberry stores, clinching a sale will be key. The label has filled its stores with new styles across a wider price range, including a renewed emphasis on its staple outerwear. At Burberry he has applied colourful dandelion prints to garments and rolled out advertising campaigns with fuzzy ducklings. "We like what Burberry is doing with product and range architecture, however, the timing is not ideal," said analysts at RBC. Burberry Chief Financial Officer Kate Ferry said the company was "absolutely committed to protecting all of the consumer-facing areas".

Persons: Daniel Lee's, Jonathan Akeroyd, Akeroyd, Riccardo Tisci, Lee, Tisci, Marco Gobbetti, Kering, LVMH, Louis Vuitton's womenswear, Nicolas Ghesquiere, Kate Ferry, Mimosa Spencer, Paul Sandle, Kirsten Donovan Organizations: Burberry, Shoppers, JPMorgan, Bond, Bottega, RBC, Gucci, Citi, Thomson Locations: United States, Europe, China, Los Angeles, Dallas, Houston, Omotesando, Tokyo, London

REUTERS/Thomas Peter/File Photo Acquire Licensing RightsSHANGHAI/PARIS, Nov 17 (Reuters) - The world's biggest luxury brands seeking growth in their second-largest market China are all courting the likes of wealthy entrepreneur Diana Wang. "Luxury brands offer you this event experience, this personal experience and it makes you feel privileged," Wang told Reuters. This week, Burberry (BRBY.L) also flagged low double-digit growth due to a slowdown in luxury spending globally, and in China. FEEDING THE LUXURY HABITEven as they narrow their focus, luxury brands remain optimistic about the potential in China, which is forecast to account for almost 40% of global luxury sales by 2030, according to consultants Bain. Luxury consultant Mario Ortelli said several luxury firms are hedging their bets on China by also expanding their global footprint.

Persons: Thomas Peter, Diana Wang, Wang, Tiffany, Chopard, Jacques Roizen, Cartier, Richemont, It's, Jean, Marc Duplaix, Versace, Donatella Versace, Gucci, Chanel, Dior, Cyrille Vigneron, LVMH, Louis Vuitton, Bain, Eric du Halgouet, Birkin, Mario Ortelli, Ortelli, it's, Mimosa Spencer, Casey Hall, Miral Organizations: Tiffany, REUTERS, Rights, Reuters, Burberry, HSBC, Digital Luxury, Chanel, Shanghai, Capri Holdings, Tapestry, Bund, Thomson Locations: Beijing, China, PARIS, Shanghai, Cartier, Shenzhen, South Korea, Japan, Thailand

☆ LVMH's Berluti to design Olympics opening ceremony uniforms for French teams
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

The new logo of Paris 2024 Olympics is seen on a pin during a ceremony in Paris, France, October 21, 2019. REUTERS/Pascal Rossignol/File Photo Acquire Licensing RightsPARIS, Nov 16 (Reuters) - Luxury giant LVMH's (LVMH.PA) Berluti brand will design the summer Olympics and Paralympics opening ceremony uniforms for the French teams, boosting the profile of the upscale menswear label known for buffed leather shoes and tailored suits. Antoine is credited with negotiating LVMH's 150 million euros ($166 million) worth Olympics sponsorship deal initially announced in July. Paris, which has hosted two previous Olympics, will stage the summer Games after a 100 years. LVMH's sponsorship includes its top fashion brands Louis Vuitton and Dior, as well as Moet Hennessy champagne and spirits labels and jeweller Chaumet, which will design medals for the event.

Persons: Pascal, Antoine Arnault, Bernard Arnault, Antoine, Louis Vuitton, Moet Hennessy, Chaumet, Leon Marchand, Melanie de Jesus dos Santos, Enzo Lefort, Pauline Deroulede, Mimosa Spencer, Nivedita Organizations: REUTERS, Rights, Louis, Dior, Thomson Locations: Paris, France, Tokyo

PARIS, Nov 15 (Reuters) - The cast of Ridley Scott's biopic "Napoleon" flocked to Paris for the film's global premiere on Tuesday night, taking to the red carpet just days after strikes ended in Hollywood. Joaquin Phoenix plays the role of Napoleon, a historical figure both revered and criticised in France, who is portrayed in the film as a ruthless military tactician with a softer, vulnerable side, uncovered by his wife the empress Josephine de Beauharnais, played by Vanessa Kirby. "I feel very fortunate the strike ended in time," Rothman told Reuters. Kirby said she learned about the challenge of being "the feminine in that extremely masculine world," and appreciated Beauharnais for "remaining dignified," even through her public divorce. Reporting by Noemie Olive and Michaela Cabrera; writing by Mimosa Spencer; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

Persons: Ridley Scott's, Napoleon, Joaquin Phoenix, Josephine de Beauharnais, Vanessa Kirby, Tom Rothman, Rothman, Kirby, Josephine, Jodie Comer, Beauharnais, Scott, Dariusz Wolski, Tahar Rahim, Paul Barras, Noemie Olive, Michaela Cabrera, Mimosa Spencer, Sharon Singleton Organizations: Sony, SAG, Reuters, Thomson Locations: Paris, Hollywood, France, Austerlitz, Moscow, Waterloo

☆ Cartier owner Richemont sees growth easing as economic worries rise
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +2 min

Richemont's constant currency sales growth eased from a 19% rate in the April to June period to a 5% rate in the following three months. The company posted a profit of 1.51 billion euros, worse than the 2.17 billion euros forecast by analysts in a consensus cited by Zuercher Kantonalbank. "Growth eased in the second quarter as inflationary pressure, slowing economic growth and geopolitical tensions began to affect customer sentiment, compounded by strong comparatives," said Chairman Johann Rupert in a statement. "Consequently, we have seen a broad-based normalisation of market growth expectations across the industry." While jewellery - traditionally more resilient to economic swings - continued to shine with constant currency sales up 9%, watch sales fell 4%.

Persons: Regis, Cartier, Vacheron Constantin, LVMH, Zuercher Kantonalbank, Johann Rupert, Kepler, Jon Cox, John Revill, Mimosa, Miranda Murray, Shri Navaratnam, Tomasz Janowski Organizations: Cartier, Vendome, REUTERS, Rights, IWC, Thomson Locations: Paris, France, Swiss, United States, Europe, China

☆ Richemont brands 'satisfied' with Farfetch technology
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +2 min

The logo of the luxury goods company Richemont is pictured at its headquarters in Bellevue near Geneva, Switzerland, June 2, 2022. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsPARIS, Nov 10 (Reuters) - Richemont (CFR.S) labels are moving ahead with the transfer of their online businesses to Farfetch (FTCH.N) technology, which they are satisfied with, executives at the Swiss-based group said Friday. The adoption of Farfetch technology to run the online business of Richemont labels is part of a wider agreement for Richemont to sell a 47.5% stake in YNAP in exchange for more than 50 million Farfetch shares, announced in August 2022. "Everything we expected in terms of technology from our Farfetch friends, they've delivered," Richemont chairman Johann Rupert told analysts on an earnings call. Farfetch shares have fallen by more than 60% in the past six months.

Persons: Denis Balibouse, Richemont, they've, Johann Rupert, Bernstein, Mimosa Spencer, Kirsten Donovan Organizations: REUTERS, Rights, Thomson Locations: Bellevue, Geneva, Switzerland, Swiss, Richemont's, U.S, YNAP, Farfetch

☆ Actor Catherine Deneuve opens Paris store Printemps' holiday display
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

[1/5] A shopper takes picture of the festive window decorations for the Christmas season at Printemps Haussmann department store in Paris, France, November 9, 2023. REUTERS/Gonzalo Fuentes Acquire Licensing RightsPARIS, Nov 9 (Reuters) - French actor Catherine Deneuve kicked off the holiday shopping season in Paris on Thursday, presiding over a ribbon-snipping ceremony for the Christmas window displays of department store Printemps. The Boulevard Haussmann store was outfitted with tags that fluttered under the awning, while puppet seagulls and owls made of paper flapped in the windows among piles of wish lists. Cooler weather in October and November contributed to a rebound in sales, however, according to Stephane Roth, general manager marketing, communication and architecture of the Printemps group. As for holiday meals, Deneuve said it was best to "stick with the classics", including foie gras and chestnuts.

Persons: Gonzalo Fuentes, Catherine Deneuve, Deneuve, Stephane Roth, Bernadette Chirac, Bernadette, I've, Mimosa Spencer, Ed Osmond Organizations: REUTERS, Rights, Thomson Locations: Printemps Haussmann, Paris, France, Printemps, Haussmann

☆ Kering sales down 9% as luxury slowdown stalls revamp
▼ + stars: | 2023-10-24 | by ( Mimosa Spencer | ) www.reuters.com time to read: +2 min

The logo of French luxury group Kering is seen at Kering headquarters in Paris, France, February 13, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsPARIS, Oct 23 (Reuters) - French luxury group Kering(PRTP.PA) reported a bigger-than-expected drop in third quarter sales, underperforming major rivals as its top brand Gucci and other fashion labels all suffered from a slowing appetite for high-end clothes and accessories. LVMH (LVMH.PA), the world's biggest luxury group and one of Europe's biggest companies by market value, this month also reported a slowdown in third-quarter sales -- although it still clocked an increase in revenues with sales at its fashion and leather goods division up 9%. And Birkin bag-maker Hermes on Tuesday reported a rise in sales of 15.6%. Kering has undertaken a sweeping overhaul aimed at reviving Gucci, which has struggled to capitalise on the strong post-pandemic rebound in luxury goods sales and lost ground to rivals like LVMH's Dior and Louis Vuitton.

Persons: Sarah Meyssonnier, Yves, Yves Saint Laurent, Balenciaga, Saint Laurent, Jean, Marc Duplaix, Kering, Birkin, Hermes, LVMH's Dior, Louis Vuitton, Mimosa Spencer, Silvia Aloisi Organizations: REUTERS, Rights, Gucci, Yves Saint, Bottega, Thomson Locations: Paris, France, Bottega, Milan

☆ Hermes sales beat expectations, defying luxury sector gloom
▼ + stars: | 2023-10-24 | by ( Mimosa Spencer | ) www.reuters.com time to read: +2 min

[1/2] A Hermes store sign is seen at a shopping mall in San Diego, California, U.S., November 23, 2022. "Despite an uncertain context, our outlook remains unchanged," Eric du Halgouet, Hermes executive vice president finance, told journalists, noting strong growth in the U.S. and Asia, including China. Sales in the Americas rose 20%, despite smaller price hikes than in other parts of the world, with even growth rates on both U.S. coasts, Hermes said. In Europe, sales grew 18.1%, with Du Halgouet noting no sign of a slowdown in tourist traffic in the region, and no slowdown in France, including in the first weeks of October. "We are attentive," said Du Halgouet, noting an uncertain geopolitical context could affect tourism.

Persons: Mike Blake, Birkin, bellwether, Hermes, Eric du Halgouet, Du Halgouet, Bernstein, Luca Solca, Mimosa Spencer, Ingrid Melander, Jan Harvey Organizations: REUTERS, Rights, U.S, Analysts, Thomson Locations: San Diego , California, U.S, Asia, China, Americas, Madison, New York, Europe, France, Japan

☆ European regulator approves Farfetch deal for YNAP, Richemont says
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

[1/2] A banner to celebrate the IPO of online fashion house Farfetch is displayed on the facade of the of the New York Stock Exchange (NYSE) in New York, U.S., September 21, 2018. Completion of the deal remains subject to "certain other conditions that Richemont and Farfetch are working towards fulfilling", Richemont said, promising a further update "in due course", without providing further detail. Under the terms of the deal unveiled in August 2022, Richemont would sell a stake of 47.5% in loss-making YNAP in exchange for more than 50 million Farfetch shares, and Farfetch could acquire the rest of YNAP through a put and call option arrangement. Bernstein analysts said last week that Farfetch's troubles raised questions for Richemont, which is set to transfer its online business to technology run by Farfetch and provide a $450 million credit facility. Reporting by John Revill and Mimosa Spencer; editing by Friederike Heine, Clarence Fernandez and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Porter, Cartier, Richemont, Farfetch, Bernstein, Bergdorf Goodman, John Revill, Mimosa Spencer, Friederike Heine, Clarence Fernandez, Jason Neely Organizations: New York Stock Exchange, REUTERS, Rights, Yoox, Farfetch, Citi, Thomson Locations: New York, U.S, Richemont, YNAP, Farfetch, Harrods

☆ L'Oreal sales up despite muted recovery in China
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

PARIS, Oct 19 (Reuters) - Third quarter sales at L'Oreal rose 11.1%, led by growth in Europe and the United States but missing expectations for a strong rebound in China. In mainland China, where the beauty market is "broadly stable" despite a "muted recovery," the company said sales grew 7.7% and it continued to gain market share. China, where high youth unemployment and a property crisis have complicated the country's post-pandemic rebound, has been a key focus for investors. L'Oreal, which accounted for the biggest share of the country's $78.9 billion beauty and personal care market last year, has been gaining market share there in recent months, and its luxury division is the market leader in high end cosmetics. Reporting by Mimosa Spencer; Editing by Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: Yves Saint Laurent, Valentino, Prada, Mimosa Spencer, Aurora Ellis Organizations: L'Oreal, Barclays, Thomson Locations: Europe, United States, China, The Paris, Lancome, North Asia

☆ LVMH shares tumble, hit fashion sector as luxury giant's sales growth slows
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

A LVMH luxury group logo is seen prior to the announcement of their 2019 results in Paris, France, January 28, 2020. REUTERS/Christian Hartmann/File Photo Acquire Licensing RightsPARIS, Oct 11 (Reuters) - LVMH's (LVMH.PA) shares slumped on Wednesday, to their lowest level since December, knocking other shares in the fashion sector, after the French luxury giant posted slower third-quarter revenue growth. Shares in Gucci-owner Kering fell 3.2% at the market open while Hermes (HRMS.PA) also shed more than 3%. "An end to the roaring 20s," Berenberg analysts wrote in a briefing note as they cut their target price for LVMH. Investors have recently questioned the appetite for shares in the luxury goods sector, in the face of a Chinese slowdown and interest rate uncertainty.

Persons: Christian Hartmann, LVMH, Louis Vuitton, Tiffany, Morgan, JP Morgan, Kering, Berenberg, Mimosa Spencer, Sudip Kar Organizations: REUTERS, Rights, Swatch, Burberry, Dior, Gucci, Investors, U.S, Gupta, Thomson Locations: Paris, France, United States, Europe, China

☆ LVMH sales growth loses fizz as post-pandemic splurge wanes
▼ + stars: | 2023-10-11 | by ( Mimosa Spencer | ) www.reuters.com time to read: +3 min

People walk past the Louis Vuitton store at Miami Design District, in Miami, Florida, U.S. November 30, 2021. REUTERS/Marco Bello Acquire Licensing RightsPARIS, Oct 10 (Reuters) - Luxury goods bellwether LVMH (LVMH.PA) reported a 9% rise in third quarter revenue on Tuesday, marking slower growth as a strong wave of post-pandemic spending eases due to rising inflation and economic turbulence. “After three roaring years, and outstanding years, growth is converging toward numbers that are more in line with historical average", LVMH chief financial officer Jean-Jacques Guiony told analysts. The fashion and leather goods division, home to Louis Vuitton and Dior, recorded sales growth of 9%, compared to analysts' expectations for 10% growth. LVMH is the first major global luxury firm to report earnings this quarter and gives investors an insight into what to expect from rivals.

Persons: Louis Vuitton, Marco Bello, Jean, Jacques Guiony, Tiffany, Bulgari, Hennessy, Luca Solca, Bernstein, Guiony, Mimosa Spencer, Ingrid Melander, Josie Kao Organizations: Miami Design District, REUTERS, Rights, Dior, Champagne, drugmaker Novo Nordisk, U.S ., Thomson Locations: Miami , Florida, U.S, United States, Europe, China

☆ LVMH Q3 revenue rises 9%, slowing from post-pandemic frenzy
▼ + stars: | 2023-10-10 | by ( Mimosa Spencer | ) www.reuters.com time to read: +2 min

People walk past the Louis Vuitton store at Miami Design District, in Miami, Florida, U.S. November 30, 2021. REUTERS/Marco Bello Acquire Licensing RightsPARIS, Oct 10 (Reuters) - Luxury goods bellwether LVMH (LVMH.PA) reported a 9% rise in third quarter revenue on Tuesday, marking slower growth as strong wave of post-pandemic spending eases up amid a backdrop of rising inflation and economic turbulence. LVMH, which owns labels including Louis Vuitton, Dior, Tiffany and Bulgari, said that revenue came to 19.96 billion euros ($21.16 billion), up 9% year-on-year, stripping out the effect of currency fluctuations and acquisitions. The fashion and leather goods division, home to Louis Vuitton and Dior, recorded sales growth of 9%, compared to analysts' expectations for 10% growth. LVMH is facing slowing demand for high end goods in the United States and Europe, where rising prices have prompted shoppers — especially younger generations — to pull back from a post-pandemic spending euphoria, while the recovery in China has been uneven.

Persons: Louis Vuitton, Marco Bello, Tiffany, Bulgari, Hennessy, LVMH, Luca Solca, Bernstein, Mimosa Spencer, Ingrid Melander, Josie Kao Organizations: Miami Design District, REUTERS, Rights, Dior, Champagne, drugmaker Novo Nordisk, Thomson Locations: Miami , Florida, U.S, United States, Europe, China

"The recent decline in European luxury stocks reflects the uncertainty over the European economy and also the uneven growth outlook for the Chinese economy," Garnry said. Reuters GraphicsTHE LUXURY GAPAlthough luxury valuations have come down, they are still well above the rest of the market. The end of the French luxury group's 2-1/2 year-long reign was widely put down to investors losing appetite for luxury stocks as well as the growth of Novo's anti-obesity drug Wegovy. Some analysts have turned cautious on the luxury sector, with UBS last week reducing its estimates to account for the risk of slowing Chinese consumption. Gerry Fowler, head of European equity strategy and global derivative strategy at UBS, said risks in luxury stocks started to become more apparent in May.

Persons: Louis, Stephanie Lecocq, Bernard Ahkong, Peter Garnry, Garnry, LVMH, Morgan Stanley, Gerry Fowler, Bernstein, Gilles Guibout, Lucy Raitano, Mimosa Spencer, Amanda Cooper, Alexander Smith Organizations: REUTERS, Paris Fashion, U.S, UBS O'Connor Global, Alpha, Saxo Bank, Reuters Graphics, GAP, Novo Nordisk, UBS, Bank of America, AXA Investment Mangers, Thomson Locations: Paris, France, PARIS, Europe, U.S, China, United States

☆ Chanel shows mismatched hems and flip-flops at Paris Fashion Week
▼ + stars: | 2023-10-03 | by ( Mimosa Spencer | ) www.reuters.com time to read: +1 min

[1/6] Model Vittoria Ceretti presents a creation by designer Virginie Viard as part of her Spring/Summer 2024 Women's ready-to-wear collection show for fashion house Chanel during Paris Fashion Week in Paris, France, October 3, 2023. REUTERS/Sarah Meyssonnier Acquire Licensing RightsPARIS, Oct 3 (Reuters) - Chanel designer Virginie Viard unveiled a breezy, warm-weather collection in Paris on a drizzly Tuesday, showcasing a colourful lineup of asymmetric styles, paraded by models in flip-flops and thick-framed glasses. The models cut through the centre of the sprawling space of the Grand Palais Ephemere exhibit hall in central Paris, parading tweed skirt sets with uneven hems, patchwork ensembles and lightweight dresses that trailed down in the back. The show took place on the last day of Paris Fashion Week, which has drawn crowds of industry press and celebrities to the French capital, topping off a season of runway presentations that also took place in New York, London and Milan. Reporting by Mimosa Spencer, Editing by William MacleanOur Standards: The Thomson Reuters Trust Principles.

Persons: Vittoria Ceretti, Virginie Viard, Chanel, Sarah Meyssonnier, Penelope Cruz, Usher, Jennie Kim, Mimosa Spencer, William Maclean Organizations: Paris, REUTERS, Rights, Paris Fashion, Thomson Locations: Paris, France, New York, London, Milan

☆ Sean McGirr named as creative director of Alexander McQueen
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +1 min

The logo of French luxury group Kering is seen at Kering headquarters in Paris, France, February 13, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsPARIS, Oct 3 (Reuters) - Sean McGirr was named by French luxury goods group Kering as creative director of British label Alexander McQueen on Tuesday. His appointment comes amid a broader restructuring at Kering as it seeks to rejuvinate sales at its star label Gucci. The McQueen label is one of several brands that Kering has flagged for development into beauty products, alongside Bottega Veneta and Balenciaga. Reporting by Mimosa Spencer; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

Persons: Sarah Meyssonnier, Sean McGirr, Alexander McQueen, McGirr, JW Anderson, Sarah Burton, Gucci, Kering, McQueen, Gianfilippo Testa, Mimosa Spencer, Alexander Smith Organizations: REUTERS, Rights, JW, London, Central Saint Martins, Bottega Veneta, Balenciaga, Thomson Locations: Paris, France, Van, Kering

☆ Louis Vuitton applies geometric patterns to tailored classics
▼ + stars: | 2023-10-02 | by ( Mimosa Spencer | ) www.reuters.com time to read: +1 min

[1/6] A model presents a creation by designer Nicolas Ghesquiere as part of his Spring/Summer 2024 Women's ready-to-wear collection show for fashion house Louis Vuitton during Paris Fashion Week in Paris, France, October 2, 2023. REUTERS/Stephanie Lecocq Acquire Licensing RightsPARIS, Oct 2 (Reuters) - Louis Vuitton (LVMH.PA) womenswear designer Nicolas Ghesquiere sent out a lineup of tailored styles with a geometric touch for the LVMH-owned label's spring runway show, which was held in a gutted-out building on the famous Champs Elysees in Paris. Shimmery jumpsuits with low necklines and glossy miniskirts added extra shine, while high-waisted trousers were elevated with voluminous sleeves. Paris Fashion Week winds up Tuesday, with labels including Chanel and Miu Miu. Reporting by Mimosa Spencer, Editing by Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

Persons: Nicolas Ghesquiere, Louis Vuitton, Stephanie Lecocq, strode, Zendaya, Louis Vuitton's, Pharrell Williams, Felix, Chanel, Miu Miu, Mimosa Spencer, Rosalba O'Brien Organizations: Paris, REUTERS, Rights, Thomson Locations: Paris, France

☆ Stella McCartney shows hot pants and sustainable fabric on Paris street
▼ + stars: | 2023-10-02 | by ( Mimosa Spencer | ) www.reuters.com time to read: +1 min

[1/6] A model presents a creation by designer Stella McCartney as part of her Spring/Summer 2024 Women's ready-to-wear collection show during Paris Fashion Week in Paris, France, October 2, 2023. REUTERS/Stephanie Lecocq Acquire Licensing RightsPARIS, Oct 2 (Reuters) - Stella McCartney took her spring runway show outdoors onto a Paris street with a view of the Eiffel Tower and market stands stacked with sustainable products as she presented a collection of airy, feminine gowns and shimmery hot pants. Asked about the challenges of setting up the outdoor market, McCartney said she did not plan for rain. "We don’t ever do a wet weather option, I’m always like, I trust in you mother earth,” McCartney said. Reporting by Mimosa Spencer; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

Persons: Stella McCartney, Stephanie Lecocq, strode, Andrew Logan, McCartney, Paris Hilton, Chris Rock, Tony Parker, gestured, ” McCartney, Mimosa Spencer, Alison Williams Organizations: Paris, REUTERS, Rights, Eiffel, Thomson Locations: Paris, France

☆ Balenciaga designer puts friends and family on Paris runway
▼ + stars: | 2023-10-01 | by ( Mimosa Spencer | ) www.reuters.com time to read: +2 min

PARIS, Oct 1 (Reuters) - Balenciaga designer Demna Gvasalia took a personal turn for the luxury label's runway show in Paris on Sunday, sending out a lineup of reconstructed trench coats, oversize bomber jackets and floor-sweeping floral gowns on an eclectic cast of models plucked from his entourage. His mother opened the show, marching down a long runway set like a stage and lined with draped red velvet curtains, wearing pointy heels and a long, roomy trench coat, navy blue on one side, black on the other, tightly cinched at the waist with a cloth belt. Closing the show was the designer's husband, Loik Gomez, a music artist known as BFRND, in a wedding dress. Worn with a long, white lace veil over his head, the dress was made from seven dresses, “cut, tiered and piled together anew,” according to the show notes. Reporting by Mimosa Spencer; Editing by David HolmesOur Standards: The Thomson Reuters Trust Principles.

Persons: Demna Gvasalia, Isabelle Huppert, Demna, Cathy Horyn, Loik Gomez, Mimosa Spencer, David Holmes Organizations: Thomson Locations: Paris

☆ Deal targeted by probe involving LVMH's Arnault was legal, lawyer says
▼ + stars: | 2023-09-30 | by ( ) www.reuters.com time to read: +1 min

PARIS, Sept 30 (Reuters) - A financial transaction under investigation in France involving LVMH owner Bernard Arnault was carried out in full respect of the law, his lawyer said on Saturday. The Paris public prosecutor's office confirmed on Friday that it is investigating financial transactions involving Arnault and Russian businessman Nikolai Sarkisov. In France, a prelimary investigation does not necessarily imply wrongdoing by those concerned, for whom the presumption of innocence applies. An unidentified Tracfin official told Le Monde the transactions involving Arnault and Sarkisov, who both acted through a complex web of legal entities, could have been aimed at concealing the origins of the funds used. Reporting by Mimosa Spencer; writing by Leigh Thomas; editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Bernard Arnault, Nikolai Sarkisov, Sarkisov, Cheval, Jacqueline Laffont, Le, Mimosa Spencer, Leigh Thomas, Christina Fincher Organizations: Reuters, Le Monde, Thomson Locations: France, Paris, Russian, Le, Cheval Blanc, Courcheval

☆ Sleek silhouettes, flowers and a protest mark Hermes show in Paris
▼ + stars: | 2023-09-30 | by ( Mimosa Spencer | ) www.reuters.com time to read: +1 min

[1/5] Models present creations by designer Nadege Vanhee-Cybulski as part of her Spring/Summer 2024 Women's ready-to-wear collection show for fashion house Hermes during Paris Fashion Week in Paris, France, September 30, 2023. REUTERS/Stephanie Lecocq Acquire Licensing RightsPARIS, Sept 30 (Reuters) - Hermes artistic director Nadege Vanhee-Cybulski evoked a country garden for her spring show at Paris Fashion Week on Saturday, seating the audience among wildflowers and grassy borders as she showed sleek coats, silk skirts and slim, skin-baring dresses. Audience member Bryanboy, a digital creator whose real name is Bryan Yambao and who regularly attends runway shows, leapt out of his seat and snatched the banner away from the protester. There have been several incidents involving protesters disrupting catwalk shows this season, including at a Coach show in New York. Paris Fashion Week runs until October 3, featuring dozens of labels including Chanel and LVMH-owned Louis Vuitton.

Persons: Nadege, Hermes, Stephanie Lecocq, Nadege Vanhee, baring, Coats, Bryanboy, Bryan Yambao, gesturing, Chanel, Louis, Mimosa Spencer, Helen Popper Our Organizations: REUTERS, Rights, Paris, Reuters, Louis Vuitton, Thomson Locations: Paris, France, New York

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