French luxury conglomerate behind Louis Vuitton, Dior and Tiffany & Co.
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.
Sephora opens its Glasgow Silverburn store in Scotland as the second Sephora location in the region this summer. Simultaneously, reports and later clarifications surround Sephora’s entry into Israel, with Glam42 acting as an Israeli partner in a limited rollout of Sephora Collection products, sparking controversy over franchise status and potential boycotts.
Céline Dion has returned to full live performance with a sold‑out 26‑show residency at the Plenitude Arena outside Paris. The 58‑year‑old has opened the run with a 2‑hour, 25‑song set; she has been performing despite a 2022 diagnosis of stiff‑person syndrome and has adjusted keys and pacing to protect her voice and stamina.
Joanna Wietrzyk has faced backlash after competing in Beijing while fecal matter ran down her legs. Hyrox has apologised and introduced rule changes to address bio-contamination and safety. The incident has reignited debate about extreme training culture and athlete welfare at hybrid fitness events.
Leaders from tech giants including Nvidia, Apple, OpenAI and others have joined President Trump and Xi Jinping at a White House state dinner. The event comes as AI safety concerns rise, with executives split on how quickly to push frontier models and analysts urging caution while urging collaboration.
Kylian Mbappé has left Nike after nearly 20 years and has signed with Swiss brand On, which has hired Thierry Henry as director of football. On has given Mbappé equity and will involve him in designing football boots and apparel; the company plans retail football boots in 2027 and will feature Mbappé as a global ambassador.
The upcoming US-China talks are focusing on artificial intelligence safety and governance as leaders consider dialogue mechanisms and potential safety standards, with a chorus of tech executives weighing in on how to pace AI development.
The White House has released a fact sheet from the Trump-Xi summit, announcing a U.S.-China Super Intelligence dialogue and a bilateral channel for SI incidents. The leaders plan a meeting by November, but sources say progress on AI breakthroughs remains limited and specifics are sparse.
Gucci is leveraging a purpose-built shopfront as part of a strategic push to revive sales, with Demna aiming to anchor the brand at the intersection of fashion and commerce. The move follows a period of weaker revenue and leadership shifts, signaling a new phase for the label.
Milan Fashion Week has featured Giorgio Armani’s posthumous evolution, with evolving leadership and a stake sale under discussion. Prada, Bottega Veneta, and Armani’s house reveal a path toward spring/summer 2027, balancing legacy with reinvention. Dario Vitale’s expanded role signals creative continuity while talks on a 15% stake progress.
Independent and AP News report on Dior under designer Peter Anderson as fashion month embraces a deliberate, refined looseness. The collection pares back some Dior signatures while highlighting soft tailoring, new drapery-inspired silhouettes and luxury details; Anderson’s 10th Dior outing signals a house at a crossroads between heritage and modernity.
A wave of fall fashion showcases in Paris features designers embracing bold silhouettes, luxury fabrics, and a move away from muted tones. From Louis Vuitton’s futuristic stage to Valentino’s red-carpet drama, editors note a trend toward personality dressing alongside haute craftsmanship.
Chloé’s spring-summer 2027 collection blends romance with practical outerwear, drawing on 19th-century embroidery and 1960s motifs. Chemena Kamali reimagines the house’s heritage through transparent vinyls, French tailoring, and bold outer pieces that counterbalance delicate fabrics. The result showcases luxury evolving toward ease without losing craft.
LVMH has reported softer-than-expected third-quarter organic growth, with a 5% drop in organic revenue in the Asia ex-Japan region and a broader slowdown in fashion and leather goods amid weaker Chinese demand. U.S. sales rose as Europe and other regions lagged.