Robert Williams

Sales at the French group fell 16 percent in the third quarter as a market-wide downturn hit hard. At flagship brand Gucci, where revenue fell 25 percent, management is exploring store closures while betting on a revamped handbag programme to jump start demand.

The tie-up between the French couture giant and the Hindi film star comes as luxury executives eye India’s high growth potential.

Following LVMH’s sales miss, Kering, Hermès and Zegna will offer further insights on how plummeting demand from China is playing out across the sector.

Chief brand officer Alessio Vannetti is the latest to leave the Italian mega-label. With sales under pressure, the brand is restructuring its operations under a new CEO.

Fashion revenue at the Louis Vuitton, Dior and Loewe owner fell 5 percent in the third quarter, badly missing estimates.

As part of the move, Italian ready-to-wear group Aeffe will fold its Philosophy line into the Alberta Ferretti brand under Serafini’s leadership.

Economic headwinds, higher prices and a lack of novel design are all weighing on what was previously fashion’s most dynamic segment. LVMH’s quarterly results Tuesday will offer hotly-watched insights on the severity of the slowdown and how long it will last.

The British designer is leaving the Roman fur and leather goods house and will ‘concentrate fully’ on his role as menswear artistic director at LVMH stablemate Dior.