The enforcement committee of France’s stock market regulator, AMF, on Monday imposed its highest fine ever on LVMH Moët Hennessy Louis Vuitton over the way the luxury conglomerate acquired a 17 percent stake in rival Hermès International.
In a management shake-up that caught many by surprise in the midst of couture week here, YSL parent Kering said Tuesday that chief executive officer Paul Deneve, who recruited Slimane and implemented a daring rejuvenation drive, would leave the French fashion house after two years. He is to be succeeded effective Sept. 1 by Francesca Bellettini, an executive director from Kering-owned Bottega Veneta known for her merchandising prowess.
Karl Lagerfeld has always viewed couture as a genre that, though steeped in tradition, must embrace and achieve currency. For fall, he addressed that belief in the title of his show — “The Old World and the New World” — and used his set to drive home the point.
This was a complicated collection. Complicated in the most literal sense, with a whole lot going on, drawn as it was from Raf Simons’ sartorial studies of women from four reaches of the world: Europe, Africa, Asia, the Americas (sorry, Australia).
Couture Week, which kicked off Sunday, looks as fizzy as a glass of Ruinart Blanc de Blancs Champagne. The shows over the next four days will feature a variety of fashion comebacks — from double Dutch to major league, plus a mystery one — along with enough parties to empty a wine cellar.