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Paris Fashion Week Schedule Unveiled & LVMH Sales Dip in This Week's Top Fashion News
Paris Fashion Week Schedule Unveiled & LVMH Sales Dip in This Week's Top Fashion News

Hypebeast

time4 days ago

  • Business
  • Hypebeast

Paris Fashion Week Schedule Unveiled & LVMH Sales Dip in This Week's Top Fashion News

Paris Fashion Week, running from September 29 to October 7, will host an unprecedented number of creative director debuts for the Spring 2026 women's ready-to-wear season. Notable debuts includeMatthieu BlazyatChanelon October 6,Jonathan Andersonpresenting his firstDiorwomen's collection on October 1, andPierpaolo Piccioli'sBalenciagadebut on October 4. Other designers making their debuts in new roles include Miguel Castro Freitas atMugler, Jack McCollough and Lazaro Hernandez atLoewe,Glenn MartensforMaison Margiela's RTW, andDuran LantinkbringingJean Paul Gaultierback to the ready-to-wear schedule. As anticipation builds for these historic debuts, industry leaders are banking on refreshed perspectives to revitalize the luxury landscape. LVMHmissed analyst expectations in the first half of 2025, with net profit down 22% and overall revenue falling 4% year-over-year to €39.8 billion. Their largest division, Fashion and Leather Goods, which is home to brands likeLouis Vuitton, Dior, andLoro Piana, saw a 9% sales drop. Following a brief post-pandemic lift in performance, the group and its competitors, Kering and OTB Group, have been affected by an industry-wide drop in luxury spending. These developments ledHermèsto surpass LVMH as the most valuable luxury stock earlier this Summer. The group also faces negative publicity this year, including a labor exploitation scandal affecting Loro Piana, data breaches at Louis Vuitton, and a cultural appropriation controversy at Dior. Consumer negative reactions to price hikes and low confidence are further hindering sales, indicating the luxury slowdown may persist. Sofia Coppola, director ofPriscilla (2023), will release a documentary, 'Marc by Sofia,' focusing on fashion designerMarc Jacobsat theVenice Film Festivalin September. The 97-minute film, titled in homage to the beloved, discontinued Marc by Marc Jacobs line, will debut out of competition between August 27 and September 6. It traces Jacobs' rise in the fashion world and offers an intimate look into his decades-long creative friendship with Coppola, which began in 1992 after Jacobs' Perry Ellis grunge collection. The documentary features rare archival footage, highlighting their collaborations, from Jacobs casting Coppola in early campaigns to their work during his time at Louis Vuitton and more recently at,Heaven. Willy Chavarriahas been named the first fashion designer to become an Artist Ambassador for theAmerican Civil Liberties Union (ACLU).This first-of-its-kind ACLU partnership provides Chavarria with a prominent platform to champion crucial issues such as LGBTQ+ rights and immigrant rights. His commitment to social justice is long-standing, as evidenced by his recent SS26 Paris runway show, which actively protested immigration crackdowns and drew attention to the inhumane conditions prevalent in detention centers. 'Art, music, and fashion can have a tremendous impact on how we realize and promote social justice and human dignity. I'm happy to further utilize my own platform for the empowerment of others,' Chavarria said in a statement toWWD. Jonathan Anderson is confirmed as the costume designer forLuca Guadagnino's upcoming 'AI comedy' film,Artificial, marking their third collaboration afterChallengers(2024)andQueer(2024). The movie, loosely based on the story ofOpenAIand its CEO, Sam Altman, will explore controversies within Big Tech and the growing infiltration of AI into daily life. Anderson's previous work on Challengers earned him a Costume Designers Guild Award nomination, solidifying his prowess in cinematic styling. The film is set to starAndrew Garfield, Yura Borisov, andCooper Koch, and is currently in pre-production, with an official release date yet to be announced. Thom Brownehas opened a new store on New York City's Upper East Side, located at 898 Madison Avenue. This new shop is exclusively dedicated to the brand's leather goods and footwear, marking a larger presence for Thom Browne in the area, just a short walk from its 72nd Street flagship. The store is designed as a 'focused, intimate space' to highlight the label's key accessories, including the Hector Bag and its animal-shaped successors, as well as classic baguette bags in various materials. The boutique also features Mr. and Mrs. Thom Bags and a range of footwear like heritage trainers, signature brogues, and wingtip heels, presented as 'objets d'arts'.

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