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Fashion Designer Hedi Slimane Leaves LVMH's Maison Celine

The logo of fashion house Celine is seen in front of the Dome des Invalides before their Spring/Summer 2019 women's ready-to-wear collection show during Paris Fashion Week in Paris, France, September 28, 2018. REUTERS/Gonzalo Fuentes
The logo of fashion house Celine is seen in front of the Dome des Invalides before their Spring/Summer 2019 women's ready-to-wear collection show during Paris Fashion Week in Paris, France, September 28, 2018. REUTERS/Gonzalo Fuentes
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Fashion Designer Hedi Slimane Leaves LVMH's Maison Celine

The logo of fashion house Celine is seen in front of the Dome des Invalides before their Spring/Summer 2019 women's ready-to-wear collection show during Paris Fashion Week in Paris, France, September 28, 2018. REUTERS/Gonzalo Fuentes
The logo of fashion house Celine is seen in front of the Dome des Invalides before their Spring/Summer 2019 women's ready-to-wear collection show during Paris Fashion Week in Paris, France, September 28, 2018. REUTERS/Gonzalo Fuentes

Famed fashion designer Hedi Slimane has left LVMH's Maison Celine division, said LVMH on Wednesday.

"Under his creative and artistic direction, Celine has experienced exceptional growth and established itself as an iconic French couture house," the French luxury goods company said in a statement.
LVMH first hired Slimane for Maison Celine in 2018, Reuters reported.

Slimane, who has designed clothes for rock star David Bowie and actor Brad Pitt, worked for LVMH's Dior Homme unit in the 2000s.

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Ralph Lauren Hikes Annual Sales Forecast on Strong Demand for High-end Apparel

A man walks past Ralph Lauren Corp.'s flagship Polo store on Fifth Avenue in New York City, US, April 4, 2017. REUTERS/Brendan McDermid
A man walks past Ralph Lauren Corp.'s flagship Polo store on Fifth Avenue in New York City, US, April 4, 2017. REUTERS/Brendan McDermid
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Ralph Lauren Hikes Annual Sales Forecast on Strong Demand for High-end Apparel

A man walks past Ralph Lauren Corp.'s flagship Polo store on Fifth Avenue in New York City, US, April 4, 2017. REUTERS/Brendan McDermid
A man walks past Ralph Lauren Corp.'s flagship Polo store on Fifth Avenue in New York City, US, April 4, 2017. REUTERS/Brendan McDermid

Ralph Lauren raised its annual sales forecast after topping quarterly revenue estimates on Thursday, on steady demand for its cable-knit sweaters and Oxford shirts in North America, Europe and China, sending shares of the company 6% up in premarket trading.
Wealthy customers continue to splurge on high-end leather handbags and Polo sweat-shirts, boosting demand across Ralph's direct-to-customer channels and helping it counter a muted wholesale business and soft e-commerce sales in North America.
The results are in contrast to a pullback in the broader luxury sector, primarily in the key China market, which has hurt larger European fashion houses such as Hugo Boss, Kering and luxury bellwether LVMH.
The Club Monaco owner now expects fiscal year 2025 revenue to increase about 3% to 4% compared with a prior forecast of a 2% to 3% rise.
The luxury retailer's net revenue rose 6% to $1.73 billion in the second quarter ended Sept. 28 from a year earlier. Analysts on average had expected revenue of $1.68 billion, according to data compiled by LSEG.