Luxury slowdown
LVMH is set to announce its annual results on Tuesday, figures the industry and analysts will pour over for evidence of how much a global slowdown in the luxury sector has hurt the business.
While Dior's revenues have nearly quadrupled under Chiuri -- from 2.7 billion euros ($2.8 billion) in 2018 to more than nine billion euros in 2023 -- some critics have charged the famed French house risks going stale and is ripe for a shake-up.
Haute Couture Week began on Monday with Schiaparelli's traditional show, titled "Icarus", which was also inspired by the past.
Corseted models with structured necklines and wide hips, including Kendall Jenner, paraded beneath the gilded ceilings of the Petit Palais.
Haute Couture Week showcases one-of-a-kind, entirely handmade pieces which are primarily intended for red carpets, high-profile events, and galas.
A total of 28 houses will present their collections over the next four days, including Chanel, Armani, Jean Paul Gaultier and Valentino.
The latter will show its first Haute Couture collection under Alessandro Michele, creative director since early 2024.
(Source: by Marine DO-VALE, Agence France-Presse)