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☆ 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

☆ European shares slip as Middle East fears, ASML weigh
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 16, 2023. REUTERS/Staff/File photo Acquire Licensing RightsOct 18 (Reuters) - European stocks inched lower on Wednesday as deepening fears over an escalation in the Middle East conflict and a drop in ASML shares after the chipmaker's lacklustre forecast overshadowed support from upbeat economic data from China. The pan-European STOXX 600 index (.STOXX) was down 0.2% by 0703 GMT. Adidas (ADSGn.DE) jumped 4.7% after the sportswear firm lifted its revenue forecast and cut its expected loss for 2023. Data showed British annual consumer price inflation was unchanged at 6.7% in September, bucking economists' expectations for a further decline.

Persons: Joe Biden's, ASML, Amruta Khandekar, Sherry Jacob, Phillips Organizations: REUTERS, Staff, U.S, Adidas, Thomson Locations: Frankfurt, Germany, China, Gaza, Israel

☆ TikTok lures luxury-bag buyers to its Shop platform as it partners with Entrupy to authenticate purses
▼ + stars: | 2023-10-18 | by ( Madeline Stone | ) www.businessinsider.com time to read: +4 min

TikTok is working with Entrupy, a maker of product-authentication technology, to offer handbag-authentication services on its new e-commerce platform, TikTok Shop , Entrupy announced Wednesday. The partnership reflects a growing effort to build trust in TikTok Shop as the social-media company looks to establish itself as a shopping destination. It expanded to TikTok Shop in response to a growing demand for its services on the platform. TikTok and Entrupy have worked together since TikTok Shop launched in beta earlier this year. Resellers must use a third-party authentication service — either Entrupy or Real Authentication — to resell luxury handbags on TikTok Shop, according to the policies.

Persons: TikTok, Entrupy, Chanel, Prada, Vidyuth Srinivasan, Srinivasan, it's Organizations: Burberry, TikTok, eBay Locations: Entrupy, mstone@insider.com

☆ Fashion brands want you to be able to identify fake designer merchandise
▼ + stars: | 2023-10-13 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +13 min

‘It’s almost seen as a hack’These tactics are all part of the industry’s hope to neutralize the booming counterfeit market, with some estimates asserting that fake fashion and luxury items account for 60% or more of the multi-trillion-dollar trade in fake goods. Sympathy for brands “can be hard for consumers in general, particularly those who are deeply steeped in TikTok culture,” Scafidi said. According to Business of Fashion, the average price for a women’s designer handbag in the US spiked 27% from 2019 to 2022. Last year saw record-breaking profits for the luxury sector, with around 95% of brands seeing growth, according to an estimate by consulting firm Bain & Company. “Right now, vintage is on trend, and we actually see new replicas of vintage items — items that were made in the ’80s or ’90s,” Thompson said.

Persons: Louis Vuitton, Cartier, Birkin, Miu Miu, Chanel, ”, Simon Lock, LVMH, Maison, OTB, ‘ It’s, dupes, Counterfeiters, Sarah Davis, “ it’s, what’s, Susan Scafidi, “, Leah Abucayan, ” Scafidi, Fashionphile, Davis, Hunter Thompson, “ It’s, ” Thompson, ” Davis, Scafidi, Romain Carrere, “ We’re, ” Carrere, it’s Organizations: CNN, luxe, Ordre Group, Burberry, Prada Group, Dior, Prada, YouTube, Social, Fashion Law, Business of Fashion, Bain & Company, Technology, Blockchain Locations: Fashionphile, Europe, —

☆ 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

Learn moreIt's rounding 8pm on Prime Day, which means our team is battle worn and loopy from 48 straight hours of covering the best Prime Day deals. Which is why when I saw this whopping 1% Prime Day discount on an Hermes Birkin, I near about blew a gasket. And today, Amazon has graciously offered us the chance to buy a used Birkin for the low low starting price of $17,300, once you clip the "coupon" for $200 off. But, yep, there it was: a little "Prime Big Deal" badge atop a picture of a teal Birkin. Suffice to say, I think it's time for me to call it quits for this Prime Day.

Persons: I'm, Hermes Birkin, Birkin TikTok, Birkin, That's, Jeffery Bezos Organizations: Amazon

☆ These money market funds have yields that top 5%
▼ + stars: | 2023-10-11 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

With yields at around 5%, money market funds have been attracting investors in droves — yet not all funds are the same. Right now, prime funds yield an average 5.18%, while the average government fund's yield is 4.98%, per iMoneyNet. The weighted average maturity of retail prime money market funds is around 32 days, said Shelly Antoniewicz, deputy chief economist at the Investment Company Institute. Correction: A table in an earlier version of this report incorrectly described the listed funds as government money market funds. They are prime money market funds.

Persons: Dave Lafferty, Deborah Cunningham, Shelly Antoniewicz, Hermes, Cunningham, Crane, Peter Crane Organizations: Crane Data, Schwab Asset Management, Federated Hermes, Investment Company Institute . Retail, Federal Reserve, ICI, Government, Fed

☆ LVMH may have to settle for a more humdrum future
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

The disappointing results knocked 6% off LVMH stock on Wednesday and dragged down rivals Richemont (CFR.S) and Kering (PRTP.PA) which also fell about 3%. That may compound investor worries about an overall slowdown of the company that’s behind Louis Vuitton and Christian Dior (DIOR.PA). And China’s economic slowdown and a possible U.S. recession make their future even more uncertain. LVMH is trading at 20 times its expected 2023 earnings after Wednesday's fall. If the less exuberant times keep rolling, LVMH may find itself settling for an even less luxurious valuation.

Persons: Richemont, Bernard Arnault’s, Louis Vuitton, Christian Dior, Karen Kwok, Aimee Donnellan, Streisand Neto Organizations: Reuters, UBS, Hermès, Reuters Graphics Reuters, Qantas, Thomson Locations: Asia, Japan, Brussels

☆ Luxury stocks drag European shares lower on LVMH disappointment
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +1 min

The logo of LVMH is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 15, 2023. REUTERS/Gonzalo Fuentes/File photo Acquire Licensing RightsOct 11 (Reuters) - European stocks slipped on Wednesday after sharp gains in the previous session, as luxury giant LVMH dragged the sector lower on disappointing sales, though Novo Nordisk jumped after positive update on its diabetes drug Ozempic. The pan-European STOXX 600 index (.STOXX) dipped 0.2% by 0707 GMT. Shares of other French luxury majors such as Hermes (HRMS.PA) and Kering (PRTP.PA) fell 2.5% and 2.7%, respectively. Swiss luxury firms Richemont (CFR.S) fell 5.3% and Swatch Group (UHR.S) dropped 2.9%.

Persons: Gonzalo Fuentes, Danish drugmaker, Sruthi Shankar, Rashmi Organizations: Viva Technology, Porte de, REUTERS, Novo Nordisk, U.S . Federal Reserve, Swatch Group, Fresenius, Thomson Locations: Porte, Paris, France, U.S, Danish, Bengaluru

☆ 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

☆ Supermodels, Sam Smith and a Giant Fur Ball: The Best Trends and Moments From the Spring 2024 Fashion Shows
▼ + stars: | 2023-10-07 | by ( Katharine K. Zarrella | Lizzy Wholley | ) www.wsj.com time to read: +1 min

SPRING THINGS Among the top trends from the spring 2024 fashion shows was workwear-inspired fashion, like the outfits above. “IT’S NICE to feel calm sometimes,” said Luke Meier who, along with his wife, Lucie, designs Jil Sander. Their sterile Milan showspace had been made a sanctuary, with sunshine filtered through legions of white paper strips hung from the skylight. Guests in attendance seemed visibly soothed, as if waiting to ascend into heaven, or at least lounging in a five-star spa. This sense of ease pervaded spring’s best shows and clothes, which shirked recent seasons’ gimmicks, flash and frippery and instead brought women feel-good outfits for everyday.

Persons: ”, Luke Meier, Lucie, Jil Sander, Milan showspace, Ferragamo, Max Mara —, Stella McCartney, Loro Organizations: NICE, Prada Locations: Milan, New York, Bottega Veneta, Schiaparelli

☆ Two market strategists discuss the outlook for stocks in a higher rate environment
▼ + stars: | 2023-10-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo market strategists discuss the outlook for stocks in a higher rate environmentSteve Chiavarone, Equity Strategist at Federated Hermes, and Alex Morris, President & Chief Investment Officer of F/M Investments, discuss the road ahead for stocks.

Persons: Steve Chiavarone, Alex Morris Organizations: Federated Hermes, Chief, Investments

☆ As Azerbaijan claims final victory in Nagorno Karabakh, arms trade with Israel comes under scrutiny
▼ + stars: | 2023-10-04 | by ( Max Saltman | ) edition.cnn.com time to read: +16 min

Israeli ‘realpolitik’Young ethnic Armenians from Nagorno-Karabakh in the town of Goris during evacuations to Armenia on October 1. Hayk Baghdasaryan/Photolure/AP Ethnic Armenians from Nagorno-Karabakh drive to Goris on September 28. Vahan Stepanyan/PAN Photo/AP Volunteers distribute food to ethnic Armenians arriving in Goris from Nagorno-Karabakh on September 28. Alain Jocard/AFP/Getty Images Ethnic Armenians from Nagorno-Karabakh line up to receive humanitarian aid at a temporary camp in Goris on September 26. Wezeman, the researcher at SIPRI, said Israel could come under pressure from its Western allies to reconsider arms sales to Azerbaijan.

Persons: CNN —, Marut Vanyan, “ I’m, ”, “, Vanyan, Leonid Nersisyan, Rishon Le, Jack Guez, …, Pieter Wezeman, ” Wezeman, Emmanuel Dunand, Efraim Inbar, ” Inbar, Israel ’, Inbar, LORA, ” Hikmet Ajiyev, Ilham Aliyev, realpolitik, Diego Herrera Carcedo, Sergey Astsetryan, Aziz Karimov, Hayk, Vahan Stepanyan, Vasily Krestyaninov, Alain Jocard, Anatoly Matlsev, David Harapetyan, Irakli Gedenidze, Reuters Greta, Anthony Pizzoferrato, Samantha Power, Power, Astrig Agopian, Novlet, David Ghahramanyan, Israel Organizations: CNN, Azerbaijan, Applied Policy Research Institute, Israel Aerospace Industries, IAI, Autonomous Robotics, Getty, Haaretz, Artsakh Defense Army –, Stockholm International Peace Research Institute, Azerbaijani Ministry of Defense, Israeli Ministry of Defense, Ovda Airport, Israel, Jerusalem Institute for Strategy, “, APRI, Artsakh Defense Army, Reuters, AP, Erebuni, PAN, AP Volunteers, Karabakh, Technologies, US Agency for International Development, Volunteers, Vehicles, Red Cross, People, Armenian Ministry of Foreign Affairs, European Union Locations: Nagorno, Karabakh, Stepanakert, Karabakh’s, Azerbaijan, Armenia, Rishon, Tel Aviv, AFP, Israel’s, Artsakh, Israel, Stockholm, Baku, Lachin, Iran, Iranian, Jerusalem, Ottoman, Turkey, Ottoman Empire, APRI Armenia, Syunik, Nakhchivan, Republic of Armenia, Goris, Yerevan, Kornidzor, Russia, United States

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/style/fashion/raquel-zimmermann-dior-hermes-courreges-givenchy-3c0c1bae

Persons: Dow Jones, raquel, zimmermann, 3c0c1bae Organizations: dior

☆ Hermès’s Nadège Vanhée Talks Fashion, Negronis and What Women Want
▼ + stars: | 2023-09-30 | by ( Katharine K. Zarrella | Photographs Ana Kras For The Wall Street Journal | ) www.wsj.com time to read: 1 min

QUEEN OF ROCK Nadège Vanhée at Hermès’s Paris offices. “PUNK” IS HOW Nadège Vanhée describes her childhood self. No, not the kind with a mohawk and safety-pin-pierced clothes, she said, but the “type of kid who went for it.” While growing up in northern France, she and her equally punkish best friend “were determined and wouldn’t let anything get in our way.”

Persons: Vanhée, “, ” Organizations: OF Locations: Hermès’s Paris, France

☆ Coperni adorns futuristic lineup with AI pins at Paris Fashion Week
▼ + stars: | 2023-09-30 | by ( Mimosa Spencer | ) www.reuters.com time to read: +2 min

[1/5] Naomi Campbell presents a creation by designers Sebastien Meyer and Arnaud Vaillant as part of their Spring/Summer 2024 Women's ready-to-wear collection show for fashion brand Coperni during Paris Fashion Week in Paris, France, September 29, 2023. REUTERS/Johanna Geron Acquire Licensing RightsPARIS, Sept 30 (Reuters) - Coperni designers Sebastien Meyer and Arnaud Vaillant held their fashion week outing in a vast underground sound research centre in the heart of Paris, showcasing sporty ultra-modern styles with tech devices, the Humane Ai Pin, fastened to lapels. Models, including Naomi Campbell, emerged on the runway, moving swiftly in loose suits, sheer fitted dresses, bra tops and jeans. The label, founded in 2013, is known for generating buzz during Paris Fashion Week, last year spray painting a dress on Bella Hadid, and more recently, sending robot dogs onto the runway. Paris Fashion Week runs until Oct. 3 and features brands including Chanel, Hermes and LVMH-owned Louis Vuitton.

Persons: Naomi Campbell, Sebastien Meyer, Arnaud Vaillant, Johanna Geron, Ai, Bella Hadid, Chanel, Hermes, Louis, Mimosa Spencer, Sonali Paul Organizations: REUTERS, Rights, Puma, Louis Vuitton, Thomson Locations: Paris, France

☆ 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

☆ Nvidia CEO's signature leather jackets are so popular that websites are selling lookalikes using his name and photo
▼ + stars: | 2023-09-29 | by ( Haley Tenore | ) www.businessinsider.com time to read: +4 min

Black leather jackets are a well-known staple in Nvidia CEO Jensen Huang's wardrobe. Online sellers are using his name and image in listings for lookalike leather jackets. AdvertisementAdvertisementNvidia CEO Jensen Huang is known for his signature black leather jackets — he's rarely seen in public without one. A Wilson Jackets product page titled "Jensen Huang Nvidia CEO Leather Jacket" offers faux and real leather lookalikes. AdvertisementAdvertisementA screenshot of a black leather jacket from Theory.

Persons: Jensen, Steve Jobs, Mark Zuckerberg, Huang, —, Jensen Huang, hoover, Huang isn't, Issey Miyake, Walter Isaacson's, Jobs, Zuckerberg, isn't, Joseph Rosenfeld, Tom Ford, Rosenfeld Organizations: Nvidia, Service, Google, Bloomberg, Wilson Jackets, Apple, Walmart, Meta's Connect, New York Times, Times Locations: Taiwan

☆ Dries Van Noten shows layered tailoring at Paris Fashion Week
▼ + stars: | 2023-09-27 | by ( Elizabeth Pineau | ) www.reuters.com time to read: +2 min

[1/7] Models present creations by designer Dries Van Noten as part of his Spring/Summer 2024 Women's ready-to-wear collection show during Paris Fashion Week in Paris, France, September 27, 2023. REUTERS/Johanna Geron Acquire Licensing RightsPARIS, Sept 27 (Reuters) - Dries Van Noten unveiled a layered collection for spring, mixing patterns and sparkles into a line-up of tailored coats and loosely worn dress shirts at Paris Fashion Week on Wednesday. After the show, Van Noten trotted out for his bow, waving at the crowd, who erupted into applause. Paris Fashion Week runs until Oct. 3, featuring some of the world's biggest brands including Hermes, Chanel, Louis Vuitton and Dior. Reporting by Elizabeth Pineau; Writing by Mimosa Spencer; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

Persons: Van Noten, Johanna Geron, strode, Ami Suzuki, Aya Suzuki, Lea Drucker, Puig, Paco Rabanne, Jean Paul Gaultier, Nina Ricci, Carolina Herrera, Charlotte, Hermes, Chanel, Louis Vuitton, Elizabeth Pineau, Mimosa Spencer, Alison Williams Organizations: Paris, REUTERS, Rights, Antwerp, Royal Academy of Fine Arts, Dior, Thomson Locations: Paris, France, Bermuda, Charlotte Tilbury

☆ Dior shows frayed edges and bare shoulders at Paris Fashion Week
▼ + stars: | 2023-09-26 | by ( Mimosa Spencer | ) www.reuters.com time to read: +2 min

[1/7] A model presents a creation by designer Maria Grazia Chiuri as part of her Spring/Summer 2024 Women's ready-to-wear collection show for fashion house Dior during Paris Fashion Week in Paris, France, September 26, 2023. "It's a reflection about image, about the narrative and how we build -- in some way -- a stereotype in our mind," Chiuri told Reuters. Chiuri used knitwear techniques to lighten the weight of a pleated skirt, and took on pointy-toed kitten heels, turning them into gladiator shoes, with rows of straps running up the leg, fastened with pearls. The LVMH-owned (LVMH.PA) fashion label's show saw onlookers angle for photos of celebrities, including Blackpink member Jisoo, Charlize Theron, Elle Macpherson and Rosalia. Paris Fashion Week, which runs until Oct. 3, features dozens of labels including Louis Vuitton, Chanel, Hermes and Saint Laurent.

Persons: Maria Grazia Chiuri, Dior, Stephanie Lecocq, baring, Chiuri, Elena Bellantoni, ” Bellantoni, jean, Queen Camilla, King, Jisoo, Charlize Theron, Elle Macpherson, Rosalia, Louis Vuitton, Chanel, Hermes, Saint Laurent, Mimosa Spencer, Alexandra Hudson Organizations: Paris, REUTERS, Rights, Reuters, Alexandra Hudson Our, Thomson Locations: Paris, France, Versailles, King Charles's

☆ Saint Laurent elevates the jumpsuit at Paris Fashion Week
▼ + stars: | 2023-09-26 | by ( Mimosa Spencer | ) www.reuters.com time to read: +1 min

[1/5] Models present creations by designer Anthony Vaccarello as part of his Spring/Summer 2024 Women's ready-to-wear collection show for fashion house Saint Laurent during Paris Fashion Week in Paris, France, September 26, 2023. Sunglasses, aviation hats and natural leather belts completed the looks, which came mostly in autumn tones of beige, olive, purple and a rusty brown. The show closed the second day of Paris Fashion Week, which has drawn fashion crowds and celebrity fans to the French capital. The catwalk shows run until Oct. 3, and feature dozens of luxury labels including Hermes, Chanel and Louis Vuitton. Reporting by Mimosa Spencer; Editing by Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: Anthony Vaccarello, Saint, Johanna Geron, Saint Laurent, Hermes, Chanel, Louis Vuitton, Mimosa Spencer, Aurora Ellis Organizations: Paris, REUTERS, Rights, Paris Fashion, Thomson Locations: Paris, France, Seine

☆ Wall Street's typical career path might have a massive detour thanks to AI
▼ + stars: | 2023-09-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

As for today's edition, we're looking at how AI could upend the job of the junior banker, and the effect that'll have on Wall Street's traditional career path. AdvertisementAdvertisementAspiring financiers need to look no further than investment banks' analyst programs to get a foot in the door. But this crucial piece of Wall Street's ecosystem could be upended by the rise of artificial intelligence. AdvertisementAdvertisementBuy-side firms have largely held off on going after college graduates, instead pointing them toward banks' analyst programs. Regardless of what direction things go, what's clear is the type of work AI excels at falls directly in junior bankers' wheelhouse.

Persons: Insider's Bianca Chan, Emmalyse Brownstein, Alyssa Powell, Steve Cohen's, Cohen, millennials, Elon Musk, Mark Zuckerberg, Jeff Bezos, ChatGPT, Xavier Lalanne, It's, Saint, Givenchy, Donald Glover, Childish Gambino, Will Smith, Catherine Zeta, Jones, krisanapong detraphiphat, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Guild of America, Hollywood, Tech, LinkedIn, Meta, National, Costco, Lowe's, Tractor Supply, Brands, Getty Images Finance Locations: Wall, Silicon, Paris, New York City, San Diego, London, New York

[1/5] Models present creations by the creative studio of Pierre Cardin fashion house for their Spring/Summer 2024 Women's ready-to-wear collection show during Paris Fashion Week in Paris, France, September 25, 2023. REUTERS/Stephanie Lecocq Acquire Licensing RightsPARIS, Sept 25 (Reuters) - Paris Fashion Week kicked off on Monday with a Pierre Cardin show in the headquarters of France's Communist Party, which was bathed in blue light to conjure up the colour of the ocean. It was the French label's second show at Paris Fashion Week since founder Pierre Cardin died in 2020, building on its space-age catwalk in March after a gap of more than two decades. Fashion Week, which runs until Oct. 3, will feature more than 100 designers, including Louis Vuitton, Chanel and Hermes, dozens of new international designers, as well as French fashion house Balmain whose show will go ahead despite the theft of part of its collection. Thieves seized the vehicle carrying some 50 items between a Paris airport and the label's headquarters in the French capital.

Persons: Pierre Cardin, Stephanie Lecocq, Rodrigo Basilicati Cardin, Oscar Niemeyer, Fabien Roussel, Louis Vuitton, Chanel, Hermes, Dior, Saint Laurent, Van Noten, Lanvin, Sandra Auger, Elizabeth Pineau, Geert De Clercq, Alison Williams Organizations: Paris, REUTERS, Rights, France's Communist Party, Paris Fashion, French Communist Party, Espace Niemeyer, Balmain, Thomson Locations: Paris, France, French, Givenchy

"Gucci is the opportunity to fall in love with fashion, ancora," De Sarno said in a post on Instagram in the run-up to the show, using the Italian word for "again." Debut collections can generate mixed reactions, and even positive press reviews are not always a proxy for their future commercial success. Kering shares closed 1.5% higher after the show. At their current price, Kering shares are trading at the equivalent of around 14 times expected earnings over the next 12 months, according to LSEG data. Reporting by Mimosa Spencer and Elisa Anzolin, editing by Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.

Persons: Sabato De Sarno, Kering, De Sabato, Kenneth Richard, Federico Giglio, Giglio.com, Gucci, De Sarno, De, Antoine Belge, Francois, Henri Pinault, Julia Roberts, Ryan Gosling, Louis, Dior, Alessandro Michele, Marco Bizzarri, Jean, Hermes, Mimosa Spencer, Elisa Anzolin, Silvia Aloisi Organizations: luxe, Reuters, Exane BNP, fashion's, Louis Vuitton, Moncler, Thomson Locations: Milan, Italy, New York, Chengdu, Bangkok, London, Brera

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