Party season collections are coming thick and fast at the moment and while much of the focus is on the mass-market (Halpern x Topshop, Ashish x Warehouse, Moschino x H&M), the luxury sector isn’t holding back either.
Authentic Brands Group LLC has announced it has entered into a definitive agreement to purchase a majority stake in the intellectual property of the Camuto Group’s proprietary brands in partnership with DSW Inc.
German luxury marque MCM has appointed Dirk Schönberger to be its new global creative director in a surprise move. Schönberger takes up his new position immediately, and will present his first collection later this year.
Chanel has launched the images of its latest ambassador, Penelope Cruz, shot by Karl Lagerfeld in the house’s cruise collection. Cruz joins Chanel plenipotentiaries Margot Robbie, Lily Rose Depp and Kristen Stewart.
Shares in LVMH fell in early trading on Wednesday even as its fashion and leather goods unit did better than expected in Q3, with the broader luxury sector also rattled by lingering fears of a Chinese slowdown.