Da’Vine Joy Randolph and Lily Gladstone Were among the Awards Season’s Fashion MVPs

Lily Gladstone arrives for the 96th annual Academy Awards ceremony at the Dolby Theatre in the Hollywood neighborhood of Los Angeles, California, USA, 10 March 2024. (EPA)
Lily Gladstone arrives for the 96th annual Academy Awards ceremony at the Dolby Theatre in the Hollywood neighborhood of Los Angeles, California, USA, 10 March 2024. (EPA)
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Da’Vine Joy Randolph and Lily Gladstone Were among the Awards Season’s Fashion MVPs

Lily Gladstone arrives for the 96th annual Academy Awards ceremony at the Dolby Theatre in the Hollywood neighborhood of Los Angeles, California, USA, 10 March 2024. (EPA)
Lily Gladstone arrives for the 96th annual Academy Awards ceremony at the Dolby Theatre in the Hollywood neighborhood of Los Angeles, California, USA, 10 March 2024. (EPA)

This year’s red carpet season failed to disappoint, fashion-wise, with plenty of drama, personal style and new takes on Old Hollywood.

Sometimes, in the case of Margot Robbie and her all-Barbie, all-the-time looks, it was about nostalgia. For others, including Jeremy Allen White, it was a color that made the statement: white, like his name, in his case.

For Danielle Brooks, it was about the fun. Look no further than her part gown, part tuxedo and touch of purple at the Screen Actors Guild Awards, thanks to designer Christian Siriano.

While much of the fashion energy came at awards shows and related events, Zendaya headed for the desert as she promoted “Dune: Part Two” in a variety of cutting-edge designs. They included a silver cyborg suit straight from the archive of Mugler.

While Zendaya and her co-star, Timothée Chalamet, often wow on red carpets, there were other MVPs this time around. Here's a look at a few:

COLMAN DOMINGO Whether it's a textured gold coat and mustard yellow suit by Valentino Haute Couture at the Critics Choice Awards or a custom black Louis Vuitton tuxedo and man brooches at the Emmys, the star of “Rustin” has left no fashion crumbs. Domingo has offered a new vision of how a leading man can dress. He loves to play with fashion and his joy shines through. He was elegant at the Oscars in a custom Louis Vuitton double-breasted tuxedo with crystal buttons and gold-tipped cowboy boots.

LILY GLADSTONE The Indigenous actor and recent British Vogue cover star has approached her red carpet coming-out with intention, supporting Indigenous jewelry designers while promoting “Killers of the Flower Moon.” At the Golden Globes, she paired her Valentino gown and cape with beaded earrings by Lenise Omeasoo, who is Blackfeet and Cree. For the Oscars, she wore a custom Gucci gown in midnight blue that was created in collaboration with Indigenous designer Joe Big Mountain.

CILLIAN MURPHY Is the “Oppenheimer” star the anti-Ken? Look no further than his sheer shirt and black pinstripe Saint Laurent suit at the film's London premiere. More dark pinstripes from the same design house followed at the Screen Actors Guild Awards, this time with a loose bow at the neck. The man loves a pinstripe. In lots of neutrals, he's been the perfect counter to all that sugary pink over at “Barbie.” His custom black Atelier Versace tux for the Oscars was adorned with a gem brooch by Sauvereign.

AYO EDEBIRI The co-star of “The Bear” was on a red-hot fashion streak, earning official “It” girl status. There was her black 3D molded custom Louis Vuitton petal dress for the Emmys. And her smashing red custom Prada strapless gown with a floor-length train at the Golden Globes. The dress fell playfully, and youthfully, just above her ankles. Never underestimate young Hollywood.

BARRY KEOGHAN Adventurous is the “Saltburn” star's middle name when it comes to fashion. Louis Vuitton, Burberry and Givenchy were among his go-tos. He mixed patterns in a red Vuitton evening jacket and trouser set for the Golden Globes. Keoghan loves his bling, accessorizing his red-on-red moment with a golden belt chain, pearl necklace and Tiffany & Co. jewel earring. A little punk. A lot fab.

DA'VINE JOY RANDOLPH It was a draped ivory mermaid gown with 3D roses at the neck at the Screen Actors Guild Awards for this longtime lover of fashion and co-star of “The Holdovers.” It was by Valdrin Sahiti. At the British Film Academy Awards, Randolph wowed in a colorblock peach-and-black body-hugger by Robert Wun. The fashion spotlight has been soaking up Randolph and the drama she has provided. She picked up a supporting actress Oscar in a custom Louis Vuitton gown in pale blue with oversize, fringed sleeves.

PEDRO PASCAL Few could make an arm sling as sexy as “The Last of Us” star did. At the Golden Globes, his sling came with nail art that spelled “ouchy,” the best accessory of the night. He wore the sling, actually for a shoulder injury, with black trousers and a matching turtleneck that had a white yarn knot design, all by Bottega Veneta. But his big sling moment came at the Critics Choice Awards, when he wore it with a sand-color ensemble the exact shade of his fashion-forward medical device.

GRETA LEE In the color of the season, red, and with lots of help from Loewe and some from Bottega Veneta, the co-star of “Past Lives” was a fashion sensation. The latter designed her futuristic red sculptural mood for the Governors Awards. She paired the dress with silver metallic heels. Loewe's Jonathan Anderson was behind her modern classic off-white voluminous gown for the Golden Globes, her waved, cropped bob and Tiffany & Co. jewels the perfect touch. At the Oscars, it was a black-and-white velvet halter-neck gown by Loewe with white strips of fabric draped across her neck and down her back that attached at her hips.



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".