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.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)