Le Creative Wrap

BUSINESS

LVMH reported €18.5 billion in revenue for the third quarter of 2026, with organic growth of 1%. Fashion & Leather Goods, home to Louis Vuitton and Dior, recorded a 5% organic sales decline to €8.25 billion.

While the group saw continued growth in the United States, a less buoyant consumer environment in China continued to weigh on performance, highlighting the challenges facing the global luxury market.

JEWELRY

Botswana is reportedly nearing an agreement with the Global Diamond Consortium, the preferred bidder for De Beers, that could increase its stake in the diamond group from 15% to around 25%.

Led by former De Beers CEO Gareth Penny, the consortium is seeking to acquire the business from Anglo American. The negotiations could mark a significant shift in the ownership of one of the world’s most influential diamond producers, as the industry navigates weaker demand and growing competition from lab-grown stones.

COLLABORATION

Gigi Hadid has partnered with Italian label Liu Jo on The Gigi Hadid Edit, a denim-focused selection celebrating the wardrobe staple.

The collaboration comes as Hadid expands her own brand, Guest in Residence, into denim with its first jeans collection for Fall 2026, moving beyond the cashmere knitwear that defined its launch.

Galderma acquires ZO Skin Health: The Swiss dermatology group has agreed to acquire the skincare brand for $1.5 billion.

Givenchy and Giorgio Armani recognised by the Fashion Museum Bath: Designs from both houses were selected for Dress of the Year 2025.

Kim Jones prepares his label’s return: The designer is relaunching his namesake label for Fall/Winter 2027.

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