LVMH Fashion and Leather Goods Group Ends 3rd Quarter with 2% Decline, Beating All Estimates

LVMH Fashion and Leather Goods Group Ends 3rd Quarter with 2% Decline, Beating All Estimates

LVMH Fashion and Leather Goods Group Ends 3rd Quarter with 2% Decline

Examining the 3rd quarter results, few media reports note that the 2025 comps are up against the Paris 2024 Olympics. The projected 4% decrease, not the 2% decrease reported today by LVMH, affirms the reality that flying into strong headwinds, the fashion and leather sector delivered news to applaud, not critique as an extension of a “long-running decline” now entering its 4th quarter.

The “Long-running Decline” Label Belongs to Gucci

For the full year 2024, Gucci revenue fell 23% on a comparable basis. In the first half of 2025, revenue was down 25% on a comparable basis.

There is great confidence in the business leadership and financial acumen being shown by new Kering CEO Luca de Meo leading the parent company Kering and the Gucci turnaround, in particular.

AOC’s issue all year is that the business reporting on LVMH has bordered on reckless and just plain wrong at times. As a result the LVMH stock price has taken needless hits in valuation that could put a smaller, less-well run business in deep financial distress.

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Malgosia Bela Wraps Up in Modern Luxury for Numéro 256 October by Yulia Gorbachenko

Malgosia Bela Wraps Up in Modern Luxury for Numéro 256 October by Yulia Gorbachenko

Top model Malgosia Bela wears Prada on the cover, styled by Charles Varenne in Balenciaga, Chanel, Dior, Givenchy, Giorgio Armani, Louis Vuitton, Miu Miu, Tom Ford, Versace, YSL and more. Yulia Gorbachenko [IG] is behind the lens for Numéro France [IG] #256, October 2025./ Hair by Daniel Martin; makeup by Marianna Yurkiewicz

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Templo di Hera Metaponto by Andrew Jacobs for Vogue Italia September 2025

Templo di Hera Metaponto by Andrew Jacobs for Vogue Italia September 2025

Models Caitlin Soetendal and Penelope Ternes are styled by Luca Galasso in ‘Mater(i)a Scultorea, sculptural fashion pieces from Chanel, Maison Alaia, Simone Rocha and more lensed by Andrew Jacobs [IG] for Vogue Italia [IG] September 2025./ Hair by Dre Demry Sanders; makeup by Michaela Bosch

The Greeks in Southern Italy

The fashion shoot takes place at Metaponto, located in the fertile region of Basilicata in southern Italy, an area that traces its origins to ancient Greek colonization during the 7th century BCE.

Metaponto As a Cultural Center

Metaponto quickly became part of the network of Greek polities in Magna Graecia, a term used to describe the cluster of wealthy and influential Greek colonies in southern Italy. The city became a cultural center, attracting philosophers and artists. Pythagoras himself is said to have spent time in Metaponto, further elevating its status. Over time, Metaponto developed into a significant and thriving city, integral to the overarching narrative of Greek colonization and cultural exchange in the Mediterranean region and across southern Italy.

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Aylah Peterson Covers Vogue Czechoslovakia September Haute Couture Review

Aylah Peterson Covers Vogue Czechoslovakia September Haute Couture Review

Top model Aylah Peterson celebrates the new haute couture season styled by Ramona Tabita in Robert Wun [cover], Dior, Lever Couturer, Rahul Mishra, Dolce & Gabbana, Armani Privè and more. Photographer Bohdan Bohdano [IG] captures Alyah for Vogue Czechoslovakia [IG] September 2025. / Art direction by Robert Kovac; Hair by Anastasiia Tymoshchuk; makeup by Ruby Mazuel

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Peng Chang in Vogue Spain September 2025: AOC Talks Her Model Strategy

Peng Chang in Vogue Spain September 2025: AOC Talks Her Model Strategy

Peng Chang in Vogue Spain September 2025: AOC Talks Her Model Strategy

At 5’7” Peng Chang doesn’t have a strong presence on the runways. But her editorial work is stellar, starting off with the most important article ever on AOC: Peng Chang in 'Heat Wave' by Zhong Lin for Vogue Taiwan January 2022

Peng Chang’s potential as a campaign muse is also strong, and she can capitalize on her art-house persona. This card — the art-house one — may be her strongest — especially when you have photographers Zhong Lin and Elizaveta Porodina on your resume.

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Grace Elizabeth for Eres Swimwear Winter 2025-2026 by Dudi Hasson

Grace Elizabeth for Eres Swimwear Winter 2025-2026 by Dudi Hasson

Grace Elizabeth fronts a winter campaign for Eres [IG] swimwear, a French brand also making lingerie, founded in 1968 and acquired by Chanel in 1996. Israeli photographer Dudi Hasson [IG] captures the campaign with hair by Pawel Solis.

Hasson also shot Hailey Bieber’s Rhode Lemontini 2025 campaign.

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Matthieu Blazy Brought True Joy to Chanel and Awar Odhiang Closed down the House

Matthieu Blazy Brought True Joy to Chanel and Awar Odhiang Closed down the House

Matthieu Blazy Brought True Joy to Chanel and Awar Odhiang Closed Down the House

The woman of the hour the day after Matthieu Blazy blew the doors off the House of Chanel with his monumental October 6, 2025 Chanel Spring 2026 debut is Awar Odhiang.

Not only did Odhiang become the third Black model in history to close a Chanel show. Blazy’s goodwill closer circled the catwalk like she owned the place and wanted a uniquely-memorable sendoff for the top dog of Paris Fashion Week.

The ancestors were rockin’ and yes — Coco had Arthur ‘Boy’ Capel by her side and even Karl Lagerfeld had a front row seat in the divine universe and was god-blessing Blazy over and over and over again. Lagerfeld always championed exceptional talent.

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Grace Elizabeth Covers HTSI October 2025, Cutting-Edge Menswear-Inspired Luxury

Grace Elizabeth Covers HTSI October 2025, Cutting-Edge Menswear-Inspired Luxury

Top model Grace Elizabeth is styled by Isabelle Kountoure in ‘Take the Call’, a collection of finely-tailored, cutting-edge, menswear-inspired luxury fashion. Max Farago [IG] is behind the lens on Rodeo Drive in Los Angeles for HTSI [IG] October 2025./ Hair by Tiago Goya; makeup by Sara Tagaloa

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Karolina Spakowski in 'The Romance of Fall Fashion' for ELLE US September 2025

Karolina Spakowski in 'The Romance of Fall Fashion' for ELLE US September 2025

Model Karolina Spakowski is styled by Paul Sinclaire in Fall 2025 fashion from Gucci on the cover and Balenciaga red coat, Celine, Chanel, Erdem, Louis Vuitton, Ralph Lauren, Saint Laurent by Anthony Vaccarello, Tom Ford and more.

Photographer Willy Vanderperre [IG] captures ‘The Romance of Fall Fashion’ for ELLE US September [article]./ Hair by Louis Ghewy; makeup by Chiao Li Hsu

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Maaike Klaasen's Prehistoric Fashion Adventure for 24HTSI September 2025

Maaike Klaasen's Prehistoric Fashion Adventure for 24HTSI September 2025

Il Sole24Ore - HTSI Italia, launched in 2014 as a partnership between the Financial Times and Il Sole24Ore with Nicoletta Polla-Mattiot as editor-in-chief has never been featured on Anne of Carversville.

In this fashion story featuring model Maaike Klaasen, we set off for ‘Parco della Preistoria’ [IG], a trip back in time to discover dinosaurs, with the park located only 20km from Milan. Stéphane Gaudrie styles the woman in black in images by Stefano Galuzzi [IG], for the September 2025 issue of HTSI Italia. / Hair by Simone Prusso; makeup by Tanja Friscic

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Edie Campbell On Her Farm in Northamptonshire for WSJ Magazine October 2025

Edie Campbell On Her Farm in Northamptonshire for WSJ Magazine October 2025

Beloved top model Edie Campbell is photographed on her farm in England’s Northamptonshire where she fishes and rides her horses and — on occasion — does a fashion shoot.

Edie poses for WSJ Magazine October 2025 [gift link] styled in ‘madcap’ fashion by Pau Avia with images by Laura Jane Coulson [IG]. And Tootsie is here, too.

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Paloma Elsesser by Pedro Napolinário Covers CR Fashion Book Issue 27, Confidential

Paloma Elsesser by Pedro Napolinário Covers CR Fashion Book Issue 27, Confidential

Top model Paloma Elsesser appears in a new CR Fashion Book [IG] story ‘The More of Us There Are, The Richer We Make the Industry’.

AOC is still on a ‘Bad Bunny at the 2027 Super Bowl’ high, so no talk about thinner-than-ever runway models for at least a week. Paloma is styled by Ib Kamara in images by Pedro Napolinário [IG]./ Hair and makeup by Mika Safro

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Jeanne Cadieu Essentials in 72 Magazine Issue 1 by Louise & Maria Thornfeldt

Jeanne Cadieu Essentials in 72 Magazine Issue 1 by Louise & Maria Thornfeldt

72 Magazine [IG] offers a new lens on wardrobe essentials with a fashion story featuring Jeanne Cadieu. Rebecca Purshouse employs intuitive styling tricks and clever layering with key pieces from Bottega Veneta, Charvet, Ferragamo, Gucci, Hermès, Khaite, Louis Vuitton, Moncler x EE72 by Edward Enninful, MM6 Maison Margiela, Polo Ralph Lauren, Prada, Wales Bonner and more.

The result is a visual lesson in the art of getting dressed with intention captured by Louise [IG] & Maria [IG] Thornfeldt. / Makeup by Celine Martin; hair by Christian Eberhard

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Primrose Archer at London's Surrene Belgravia for Tatler UK November 2025

Primrose Archer at London's Surrene Belgravia for Tatler UK November 2025

Model Primrose Archer poses in ‘Wealth is Health’, a London-based fashion story styled by Sophie Pera. Brands include Balenciaga, Chanel, Dior, Dolce & Gabbana, Fendi, Norma Kamali, Pamella Roland, Rudi Grenreich, Valentino, Versace and more. Photographer Jack Waterlot [IG] is on location at London’s Surrene Belgravia for Tatler [IG] UK’s November 2025 issue./ Hair by Takuya Morimoto; makeup by Lucy Burt

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Lara Stone in Fendi for Numéro 256 Inspires Clear Thinking on Maria Grazia Chiuri

Lara Stone in Fendi for Numéro 256 Inspires Clear Thinking on Maria Grazia Chiuri

Lara Stone in Fendi for Numéro 256 Inspires Clear Thinking on Maria Grazia Chiuri

On the subject of Fendi, with Silvia Venturini Fendi being named honorary president and allowing a new creative director to take the reins of the Fendi luxury brand, AOC assumes that Maria Grazia Chiuri will step into the spotlight as the new creative head of women’s and probably men’s as well.

I’ve defended the Anderson decision when other women fashion writers were ripping into LVMH — going so far out on the limb as to say on WaPo: “Calm down. She’s going to Fendi. LVMH is not so stupid as to throw Chiuri to the curb, when some VIP women clients may not even like the new Dior.”

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Jonathan Anderson's First Lady Dior Handbag Campaign with Mia, Greta and Mikey

Jonathan Anderson's First Lady Dior Handbag Campaign with Mia, Greta and Mikey

Jonathan Anderson taps Dior’s three newest ambassadors: Mia Goth, Greta Lee and Mikey Madison for the reveal on Monday of the new Lady Dior handbag campaign.

Photographer David Sims [IG] shot the campaign at the Pavillon de Musique de la Comtesse du Barry, the reception space in Louveciennes built for Madame du Barry, the official mistress of King Louis XV. There’s definitely a sense of continuity between Anderson’s debut men’s show in June and this campaign for a truly iconic Lady Dior handbag.

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Libby Taverner in Technicolor by Drew Vickers for Harper's Bazaar France October 2025

Libby Taverner in Technicolor by Drew Vickers for Harper's Bazaar France October 2025

Aussie model Libby Taverner is blazing through fashionworld in rare form, first appearing as an exclusive in Prada’s F/W 25 show last February. Since then, Taverner has appeared in Fall/Winter 2025 campaigns for Saint Laurent; McQueen and Fendi.

She has eight covers, including Harper’s Bazaar France [IG] August 2025 and now Bazaar France October, too. It’s an impressive run for a model just getting started. Drew Vickers [IG] photographed Libby Taverner in ensembles styled by Elodie David Touboul./ Hair by Katie Eklund; makeup by Thomas De Kluyver

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Moncler x EE72 Collaboration Story for AnOther Magazine Autumn/Winter 2025

Moncler x EE72 Collaboration Story for AnOther Magazine Autumn/Winter 2025

Models Dimana Sarmenova, Nyaluak Gatluak, Ploy, and Qiuyue Li convene in the pages of AnOther Magazine AutumnWinter 2025 issue wearing key pieces from Moncler’s collaboration with Edward Enninful as designer and an early — or first — major project for his EE72 [IG] platform. Agata Belcen styles the story in images by Winter Vandenbrink [IG].

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Lou Hughes in Rome by Sofia Sanchez & Mauro Mongiello for Numéro #256 Mode Issue

Lou Hughes in Rome by Sofia Sanchez & Mauro Mongiello for Numéro #256 Mode Issue

Rising model Lou Hughes spends a ‘Weekend In Rome’, styled by Samuel Francois in Ferragamo, Miu Miu, Prada, Rabanne and more. Photographers Sofia Sanchez & Mauro Mongiello [IG] capture Hughes in ‘The Eternal City’ for Numéro [IG] issue 256. /Hair and makeup by Fabio D’Onofrio

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