PARIS — LVMH Moët Hennessy Louis Vuitton is paying the price for future growth.
The luxury conglomerate said margins in its fashion and leather goods division came under pressure in the first half as a slight improvement in the profitability of its cash-cow Louis Vuitton brand was outweighed by ongoing investments in smaller brands such as Céline, Fendi and Berluti.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"