Is This an Inflection Point for Luxury Fashion?

LONDON — We’re in the dog days of summer, and the fashion industry is slowing down for its annual August break. But as luxury executives begin to leave for their holidays in Greek Islands, the English countryside, the Hamptons and beyond, there is a lot weighing on their minds.

Several fashion houses remain without creative directors, some are mired in “elevation strategies” that are not working, while others are experiencing a…