Dior Is Still Warm. LVMH Fashion Already Cooled.
Fashion & Leather −5% organic in Q3; Dior named a relative outperformer.
Review heat and the Fashion & Leather line are not the same table.
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Hermès still has the queue. Growth already cooled.
Leather still double-digit; RTW accessories and APAC cooled first.
The queue remains. The growth rate is no longer a myth.
Miu Miu heat endures. Retail just turned cold.
Social buzz stays hot; Prada Group Q3 shows Miu Miu retail −3%—first quarterly drop in four years.
Heat accounts and retail accounts are diverging this quarter.
Louis Vuitton traded armor for air.
Louvre flying car for the cameras; Ghesquière’s SS27 Ergonomie is body-first, featherweight cloth.
The spectacle was sci-fi; the clothes were engineered to disappear on the body.