Robert Williams

First-quarter fashion and leather goods sales fell 5 percent for the luxury giant, whose brands include Louis Vuitton and Dior.

Prada plans to invest an additional €250 million in relaunching Versace, which has struggled to keep up with bigger heritage brands since selling to Michael Kors parent Capri Holdings in 2018.

Miguel Castro Freitas, a behind-the-scenes figure, will be named creative director of the L’Oréal-owned fashion and fragrance house.

American designers Jack McCollough and Lazaro Hernandez will take the creative reins of the Spanish brand, which grew estimated annual revenues to more than $1.5 billion during Jonathan Anderson’s transformative tenure.

The era-defining Balenciaga designer will take the reins of Italy’s biggest luxury brand in a surprise shakeup of parent company Kering’s creative ranks. The French group is under pressure to turn around performance after profits tumbled 46 percent last year.

Givenchy, Tom Ford and Dries Van Noten will reveal new creative visions this week ahead of anticipated reboots at Chanel, Gucci, Dior and others. Can refreshed runway collections combat consumer fatigue?

CEO Axel Dumas called fakes “detestable” while acknowledging the grey area surrounding many copycat products.

Elizabeth von Guttman, Thomas Lenthal and Jonathan Wingfield are leaving the fashion title and plan to launch a new editorial venture in 2025.

Rising interest in understated, classic style offers a glimmer of hope for smaller heritage houses offering everything from English knits to French shoes to Italian tailoring. Can big brands from LVMH and Kering adapt?