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Condé Nast grapples with advertiser exodus as Prada and Dior flock elsewhere

Anna Wintour's ultra-smooth fringed bob and dark glasses have been part of the Paris Fashion Week landscape for years.© Studio Pachamama

The US media giant behind Vogue, Vanity Fair, GQ, Glamour and their numerous international editions has already made significant lay-offs and adopted a sweeping restructuring plan. The company now has an unprecedented withdrawal of advertisers to contend with.

Subscribers only United States Entourage

Families

Rupert clan bears hefty diamond loss

Richemont's main shareholders waved goodbye to some €50m invested in two South African mines that turned out to be money pits.

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Houses

On the eve of Paris Fashion Week, LVMH ponders management rethink of couture houses

Just as LVMH is finalising the arrival - and potential departure - of several creative directors, the management of LVMH Fashion Group is weathering turbulence, too. Having set up an interim management team, the luxury giant is now eyeing a more permanent organisation.

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Paris Fashion Week a goldmine for contemporary art gallery owners

Contemporary art galleries are taking advantage of Paris Fashion Week to rent out their premises at a premium for showrooms and cocktail parties. The money they make can cover almost a year's rent.

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LVMH compensates Loewe for losing shop on Paris's Rue Saint-Honoré

Spanish fashion label Loewe lost its store at 384 Rue Saint-Honoré to Celine in 2022. To make up for it, the brand is preparing to open three floors of shops a few numbers away from its former location.

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After fighting the Beaux-Arts, François-Henri Pinault now happily hires it

The Beaux-Arts de Paris continues to benefit from the financial opportunities offered by the luxury goods industry.

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Entourage

Front Row
Diane Pernet, the fashion talent scout who slaloms between brands

Diane Pernet, pioneering fashion blogger.© Studio Pachamama

The curator Diane Pernet - a discoverer of designers including Balenciaga's Demna Gvasalia and Diesel's Glenn Martens - runs the ASVOF fashion blog and its namesake film festival. She relies on funding from luxury brands while striving not to be subservient to them.

Subscribers only France

Chinese counterfeit site DHGate slides into front row fashion

The Chinese counterfeit site popular with football fans looking for cheap player shirts is branching into affordable luxury.

Free access

Influential casting director duo's separation shakes up Fashion Week season

Piergiorgio Del Moro and Samuel Ellis Scheinman, the pair responsible for selecting models for the Gucci, Saint Laurent and Versace catwalks, recently split. They now have to divide up the prestigious clients brought together by their company, DMCasting.

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