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Moschino Taps Adrian Appiolaza as its New Creative Director

FILE - Adrian Appiolaza poses for photographers before the Marcelo Burlon County of Milan men's Spring Summer 2023 collection presented in Milan, Italy, June 18, 2022. (AP Photo/Nicola Marfisi, File)
FILE - Adrian Appiolaza poses for photographers before the Marcelo Burlon County of Milan men's Spring Summer 2023 collection presented in Milan, Italy, June 18, 2022. (AP Photo/Nicola Marfisi, File)
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Moschino Taps Adrian Appiolaza as its New Creative Director

FILE - Adrian Appiolaza poses for photographers before the Marcelo Burlon County of Milan men's Spring Summer 2023 collection presented in Milan, Italy, June 18, 2022. (AP Photo/Nicola Marfisi, File)
FILE - Adrian Appiolaza poses for photographers before the Marcelo Burlon County of Milan men's Spring Summer 2023 collection presented in Milan, Italy, June 18, 2022. (AP Photo/Nicola Marfisi, File)

Moschino on Tuesday named Adrian Appiolaza as the new creative director of the Milan-based fashion house.
Appiolaza, previously design director for women’s ready-to-wear at Loewe and Chloe, will debut his first collection for Moschino on Feb. 22 during the Fall-Winter 2024 womenswear previews of Milan Fashion Week, Moschino said in a statement.
Appiolaza will oversee the women’s, men's and accessories collections of Moschino, which is known for its wacky designs. He reports to Massimo Ferretti, executive chairman of the brand's parent company, Aeffe SpA.
He takes over from Jeremy Scott, who resigned in March 2023. Scott’s first replacement, Davide Renne, died suddenly late last year after only days on the job.

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LVMH Sales Grow 1% in Second Quarter, Missing Estimates

This photograph taken on January 25, 2024 shows the logo of World's top luxury group LVMH during presentation of its 2023 annual results in Paris, on January 25, 2024. (AFP)
This photograph taken on January 25, 2024 shows the logo of World's top luxury group LVMH during presentation of its 2023 annual results in Paris, on January 25, 2024. (AFP)
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LVMH Sales Grow 1% in Second Quarter, Missing Estimates

This photograph taken on January 25, 2024 shows the logo of World's top luxury group LVMH during presentation of its 2023 annual results in Paris, on January 25, 2024. (AFP)
This photograph taken on January 25, 2024 shows the logo of World's top luxury group LVMH during presentation of its 2023 annual results in Paris, on January 25, 2024. (AFP)

LVMH, the world's biggest luxury company, posted a 1% rise in organic sales in the second quarter on Tuesday, missing analyst estimates, and likely adding to investor jitters about slowing growth in the sector.

Sales at the French group, owner of labels Louis Vuitton, Tiffany & Co. and Hennessy, grew to 20.98 billion euros ($22.8 billion), a 1% rise on an organic basis, which strips out currency effects and acquisitions.

The figure fell below analyst expectations for revenues of 21.6 billion euros, according to an LSEG poll based on six analysts.

The report from luxury sector bellwether LVMH, which is Europe's second-largest listed company, worth around 340 billion euros, comes amid concerns about weak sales of designer fashions in the sector's key market, China.

The group's fashion and leather goods division, which includes the Louis Vuitton and Christian Dior brands and accounts for nearly half of group sales and the bulk of operating profit, grew 1%, slowing slightly from the previous quarter's 2% rise.

"While remaining vigilant in the current context, the group approaches the second half of the year with confidence," said LVMH Chairman and Chief Executive Officer Bernard Arnault in a statement.