France
Hector Muelas named Chief Brand Creative Officer at Louis Vuitton
Former Tiffany & Co. Chief Brand and Creative Officer, Hector Muelas, will take on a newly created role at Louis Vuitton. He will oversee the house’s image across campaigns, content, and creative communications
Hermès grows in the first nine months of 2026
The France-based luxury group has recorded a 6% year-on-year increase in revenue at constant exchange rates in the first nine months of the year. All regions contributed to this growth except the Middle East
Kering reports mixed third-quarter results as Gucci continues to underperform
The France-based luxury group reported a broadly stable revenue in the third quarter. However, Gucci continued to struggle, with comparable sales falling by 6% year-on-year amid weaker store traffic and tougher comparisons
Kering and LVMH strengthen model protection charter
The updated charter raises the minimum age of models representing adults to 18, and introduces stricter measures to combat harassment, abuse, and discrimination
LVMH posts mixed nine-month results
The luxury conglomerate reported a 2% year-on-year organic revenue growth in the first nine months of the year, while Fashion & Leather Goods sales fell further in the third quarter due to weaker demand in China
Retail Flash: Footwear trails broader retail across key markets
The retail landscape in the Netherlands, France, Spain, Germany, the UK, the US and Japan remains uneven, with the footwear sector often trailing behind broader retail and fashion categories. Fragile consumer confidence, varying pricing power and cautious inventory management continue to weigh on the sector, while stronger digital sales have yet to translate into a broader footwear recovery
Kering promotes Sophie Maddaloni to General Secretary
The luxury group has appointed Sophie Maddaloni as General Secretary of the Group, placing her on the Executive Committee and giving her oversight of the legal, control, audit and security functions
Hermès posts solid first-half performance
The France-based luxury group posted a solid performance in the first half of the year, with sales growing across all markets except the Middle East
Kering returns to growth
The French luxury group saw a return to revenue growth in the second quarter, with Gucci and other luxury brands making sequential improvements. This suggests that Kering’s turnaround efforts are gaining traction
LVMH reports accelerating sales growth in the second quarter
Despite geopolitical and economic headwinds, including tensions in the Middle East, the France-based luxury group reported a solid first-half performance, with sales growth accelerating in the second quarter
Kering expands Academy for Excellence with education partnerships
The France-based luxury group has expanded its Academy for Excellence by collaborating with eight Italian educational institutions to train the next generation of luxury artisans
France Retail: Widespread recovery remains elusive
After an uncertain 2025, the French retail market is showing few signs of widespread recovery. While online sales remain its main source of growth, overall retail has stagnated and the footwear market continues to struggle with subdued consumer demand. Meanwhile, the recent acceleration in headline inflation has not resulted in higher clothing and footwear prices, which suggests weak pricing power and ongoing promotional pressure. Against a backdrop of fragile consumer and retail confidence, it is no surprise that businesses have become more cautious in their approach to inventory management
Mango to open 45 new stores in France by 2028
The Spain-based fashion retailer will invest 66 million euros in France between 2026 and 2028, opening 45 new stores. France is Mango’s leading international market
Kering appoints Gianfranco D’Attis as CEO of Alexander McQueen
The France-based luxury group has appointed Gianfranco D’Attis as Chief Executive Officer of Alexander McQueen. He was most recently CEO at Prada-
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