PARIS — The world’s largest luxury group plans measured expansion this year given the uncertain scale of the economic rebound and its conviction that some scarcity fuels desire.
“[This year] has started off well.…I’m confident enough. Still, I think it’s necessary to be prudent,” Bernard Arnault, LVMH Moët Hennessey Louis Vuitton chairman and chief executive officer, told the company’s annual shareholders’ meeting Thursday.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"