LE CREATIVE WRAP
Written By LE BOOK
Welcome to this week's roundup of the most exciting developments in our industry, where creativity meets commerce and innovation thrives. Kate Moss is collaborating with Zara for a new partywear collection launching on November 30th. Meanwhile, the luxury group's economic slowdown raises questions about market dynamics, and iconic models are making their return to the runway… Stay tuned for insights into these thrilling announcements!
HIGHLIGHTS OF THE WEEK
ECONOMY
LVMH, the world's largest luxury group, has seen its shares decline by 7% following a warning about an "uncertain" outlook for the coming months. This dip in stock value is largely attributed to a significant pullback in consumer spending in China, a crucial market for luxury goods.
BUSINESS
Swiss watches exports experienced their sharpest decline of the year in September, with sales to China dropping by 50%, according to the industry's federation. This significant drop signals a continuing weakening of demand in China, the world's second-largest economy, which is impacting the luxury sector in Europe.
MODE
Alberta Ferretti has announced the appointment of Lorenzo Serafini as its new Creative Director, marking an exciting new chapter for the brand. Known for his innovative designs and keen sense of contemporary fashion, Serafini brings a fresh perspective to Alberta Ferretti, a label renowned for its romantic and ethereal aesthetic.
FASHION
The Victoria's Secret Fashion Show is making a highly anticipated comeback after a multi-year hiatus. The show, known for its dazzling displays of lingerie, elaborate costumes, and musical performances, has been a staple in the fashion world since its inception in 1995. However, it faced criticism in recent years for its lack of diversity and representation, leading to its cancellation in 2019.
CAPSULE
In an exciting collaboration, Kate Moss has teamed up with Zara to launch a limited-edition party capsule collection that embodies her signature style, described as having "just the right amount of glam." The collection, set to hit stores soon, promises to blend Moss's timeless aesthetic with Zara's accessible fashion sensibility.
MEDIA
i-D magazine has announced the appointment of Jamie Reid and Steff Yotka to newly created roles, signaling a fresh direction for the iconic publication. Jamie Reid, known for his innovative approach to design and fashion, will take on the role of Creative Director. His vision is expected to infuse the magazine with a bold, contemporary aesthetic that resonates with both new and longtime readers. The magazine will be returning in march 2025 as a bi-annual edition.
Chanel has announced their Cruise 2026 collection on Lake Como in April.
Erykah Badu will receive the 2024 CFDA Fashion Icon Award.
LVMH is set to contribute €800 million in higher taxes to help reduce France's debt.
John Lewis has been appointed as the new patron of the British Beauty Council.
Kim Jones leaves Fendi but remains with Dior Men.
NEXT WEEK EVENT
