Editor
This week, the fashion industry took a sharp intake of breath as LVMH reported a 5 percent decline in third-quarter sales in its core fashion and leather goods division, which includes megabrands like Louis Vuitton and Dior as well as a next tier of fast-rising billion-dollar brands like Loewe and Celine.
A sharp slowdown in luxury demand has resulted in unfamiliar operational consequences after a long growth streak. Brands throughout the…
