Chanel Revisits Deauville Roots with Cinematic Flair at Paris Fashion Week

Models present creations by Chanel for the Women Ready-to-wear Fall-Winter 2024/2025 collection as part of the Paris Fashion Week, in Paris on March 5, 2024. (AFP)
Models present creations by Chanel for the Women Ready-to-wear Fall-Winter 2024/2025 collection as part of the Paris Fashion Week, in Paris on March 5, 2024. (AFP)
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Chanel Revisits Deauville Roots with Cinematic Flair at Paris Fashion Week

Models present creations by Chanel for the Women Ready-to-wear Fall-Winter 2024/2025 collection as part of the Paris Fashion Week, in Paris on March 5, 2024. (AFP)
Models present creations by Chanel for the Women Ready-to-wear Fall-Winter 2024/2025 collection as part of the Paris Fashion Week, in Paris on March 5, 2024. (AFP)

In a cinematic homage blurring fashion and film, Chanel transported its audience at Paris Fashion Week to a fictional Deauville for its latest showcase. The black and white film of the Normandy seaside town, starring Brad Pitt and front-row observer Penelope Cruz, evoked Chanel’s roots. Fusing the 1920s heyday of Gabrielle “Coco” Chanel with the drama of the ’70s, designer Virginie Viard recreated the founder’s wardrobe from the “winter sojourns by the sea.” Deauville changed the course of Chanel and arguably the Paris fashion industry.

Here are some highlights of fall-winter 2024 ready-to-wear shows:

DEAUVILLE, THE MOVIE Pitt and Cruz, depicted in the idyllic town, captivated guests who watched the romance unfold on giant plasma screens, with scenes of beach frolics and bonding over an order of medium-rare Chateaubriand steaks. Deauville, which influenced Viard’s fall aesthetic with its floppy beach hats, played a pivotal role in Chanel's journey from licensed milliner to revolutionary designer.

“Deauville is where everything started for the house,” Viard said. It’s where Chanel drew inspiration from the world around her: the salty and striped uniforms of the fishermen, the speed of horses at the racetrack, the chic madames sunning on the sands.

“For this collection, we recreated the Deauville boardwalk,” Viard said, with chunky sailor sweaters, dressing gown-style belted coats and strong-shoulder peacoats. The colors evoked the hues of the town’s romantic skies with pinks, pale blue and oranges.

Despite the poetical musing and finely proportioned coats, the penchant for accessories sometimes distracted from the garments and, at times, muddied the clarity of Viard’s vision. The setting evoked memories of a past spectacle by Karl Lagerfeld, her flamboyant predecessor, known for transforming the Grand Palais into a real beach with actual water. Some attendees felt the décor, and the clothes, this time lacked vibrancy by comparison.

MIU MIU’S GROWING UP Miu Miu’s fall collection took a playful jab at the transition from childhood to adulthood. Miuccia Prada’s tongue-in-cheek little sister brand once again addressed profound themes through the lens of frivolity.

Cropped sleeves, rounded-toe shoes and pajamas with outerwear amid exaggeratedly shrunken proportions evoked the Tom Hanks movie “Big." Adulthood was seen as gloves and handbags, brooches, tailoring. The human condition, the pioneering designer seemed to say, was sometimes a fusion of both.

Miu Miu’s creations consistently embody a youthful spirit, merging elegance with playful defiance. This is evident in unexpected styling choices like pairing sometimes clashing classic pieces with undergarments or athletic wear, challenging traditional fashion norms.



LVMH Shares Drop after Missing Second-quarter Estimates

A man walks past a shop of fashion house Dior in Paris, France, April 15, 2024. REUTERS/Manon Cruz/File Photo Purchase Licensing Rights
A man walks past a shop of fashion house Dior in Paris, France, April 15, 2024. REUTERS/Manon Cruz/File Photo Purchase Licensing Rights
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LVMH Shares Drop after Missing Second-quarter Estimates

A man walks past a shop of fashion house Dior in Paris, France, April 15, 2024. REUTERS/Manon Cruz/File Photo Purchase Licensing Rights
A man walks past a shop of fashion house Dior in Paris, France, April 15, 2024. REUTERS/Manon Cruz/File Photo Purchase Licensing Rights

Shares in LVMH (LVMH.PA) fell as much as 6.5% in early Wednesday trade and were on track for their biggest one-day drop since October 2023 after second-quarter sales growth at the French luxury goods giant missed analysts' consensus estimate.

The world's biggest luxury group said late Tuesday its quarterly sales rose 1% year on year to 20.98 billion euros ($22.76 billion), undershooting the 21.6 billion expected on average by analysts polled by LSEG.

At 1000 GMT, LVMH's shares were down 4.5%.

The earnings miss weighed on other luxury stocks, with Hermes (HRMS.PA), down around 2% and Kering (PRTP.PA), off 3%.

Kering is scheduled to report second-quarter sales after the market close and Hermes reports on Thursday, Reuters reported.

Jittery investors are looking for evidence that the industry will pick up from a recent slowdown, as inflation-hit shoppers hold off from splashing out on designer fashion.

JPMorgan analyst Chiara Battistini cut full year profit forecasts by 2-3% for the group, citing softer trends at LVMH's fashion and leather goods division, home to Louis Vuitton and Dior.

"The soft print is likely to add to ongoing investors’ concerns on the sector more broadly in our view, confirming that even best-in-class players like LVMH cannot be immune from the challenging backdrop," said Battistini in a note to clients.

The weakness of the yen, which has prompted a flood of Chinese shoppers to Japan seeking bargains on luxury goods, added pressure to margins, another source of concern.

Equita cut 2024 sales estimates for LVMH by 3% - attributing 1% to currency fluctuations - and lowered its second half organic sales estimate to 7% growth from 10% growth previously.

The lack of visibility for the second half beyond the easing of comparative figures - as the Chinese post-pandemic lockdown bounce tapered off a year ago - is unlikely to improve investor sentiment to the luxury sector, Citi analyst Thomas Chauvet said in an email to clients.

"No miracle with the luxury bellwether; sector likely to remain out of favour," he wrote.

Jefferies analysts said the miss came as investors eye Chinese shoppers for their potential to "resume their pre-COVID role as the locomotive of industry growth and debate when Western consumers will have fully digested their COVID overspend".

LVMH shares have been volatile since the luxury slowdown emerged, and are down about 20% over the past year, with middle-class shoppers in China, the world's No. 2 economy, a key focus as they rein in purchases at home amid a property slump and job insecurity.

LVMH offered some reassurance, with finance chief Jean-Jacques Guiony telling analysts during a call on Tuesday that Chinese customers were "holding up quite well," while business with US and European customers was "slightly better".