French luxury holding group owning Gucci, Yves Saint Laurent, Balenciaga and more
Valentino’s Piccioli and other designers reveal couture’s experiment‑driven edge as body, make‑believe and sculpture collide with technology amid a global heatwave.
LVMH has reported steady half-year sales with 2% organic growth and a 2% rise in overall revenue to €38.6 billion; U.S. demand continues to drive performance in watches, jewelry and fashion, while Europe remains flat amid slowing tourism. The group notes margin stability but faces questions over whether growth is sustainable.
Public market debut of Jersey Mike’s raises about $1 billion at a $7.3 billion valuation. Blackstone introduces broad employee ownership for corporate staff, while franchisees and store workers remain ineligible. Reformation mirrors a cautious IPO environment with steady demand but muted first-day gains. The wave of private equity-backed listings shows resilience amid volatile markets.
Armani is open to multiple investors in the sale of a 15% stake, with meetings amid talks with LVMH, L’Oréal and EssilorLuxottica. The move follows founder Giorgio Armani’s will mandating an initial sale within 12–18 months of his death. Nutrient pressure remains on Armani to prove its ongoing appeal as revenue slipped in 2025.